MaryJane

WEDGE + INVERSE H&S = BOTTOM?

FX:GBPUSD   British Pound/U.S. Dollar
273 0 29
let`s wait and see...

Former analysis: GBPUSD: WEDGE!
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 bearish 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:

Possibilities:
-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
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out