Former analysis: GBPUSD: WEDGE!
I know, after that political shock it is not really serious to analyse that pair., but one follower asked me to Analyse it...so here we go.......
I see a flag: tp1 could be 1.27 tp2 would be 1.25, but thats really hard to believe that the pair will reach that Niveau the next days!
The Minimum correction Level (fibo 38,2) of the massive sellout also is hard to believe
There is a Little tradingbox within the flags Body, which reaches from 1,2835 - 1.3025
For me, the edges of the flags Body are interesting action points:
-Sell the upper edge or buy the breakout of this Body.
-Buy the bottom edge or sell the breakout through that bottom
3 days ago
Trade closed: target reached. Reached the upper tp