JasonFosterII

GBPUSD May 5 Analysis

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Weekly & Daily uptrend. Price is showing bullish patterns (double bottom & flags). Near weekly high levels (closing & highs). Looking for price to break above bullish flag and recent weekly high closing of 1.40107. Next strong level of rejection is recent daily high closing of 1.41378. Overall looking for bullish trading setups on smaller time frame.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.