GBPUSD Possible Strong Bullish Momentum Long

GBP/USDOANDA

Description

⋅ Aug 17, 2020 8:39 AM

What is your thoughts on this chart? Possible Break to the upside? as we are approaching the end of the ascending wedge.

Comments

Alarmed

⋅ Aug 18, 2020 5:12 AM

Okay so both moving averages, are close to the candles. Price is bullish, ascending wedge has formed and everything seems to be converging. Good chance of price moving upwards and up to 1.31600.

medwards_

⋅ Aug 18, 2020 8:02 AM

@Alarmed, Hit 1.31600 perfectly :)

Subrato-Nandi

⋅ Aug 18, 2020 12:56 PM

not bad

medwards_

⋅ Aug 20, 2020 6:20 PM

@Subrato-Nandi, thankyou :)

Alarmed

⋅ Aug 18, 2020 5:13 AM

I love seeing nice convergence like this, text book example of a likely breakout

medwards_

⋅ Aug 18, 2020 8:02 AM

@Alarmed, 100% a textbook example ;) first one I have every drew up.....

Alarmed

⋅ Aug 18, 2020 12:15 PM

@medwards_, beautiful