GBPUSD - Contracting Triangle - Be Careful!!!
📣GBPUSD
The price is above the wedge pattern and it is showing that it will rise more.
However, considering that this breakout is happening ahead of THANKSGIVING
I don't know how important could be this breakout.
There are not too many reasons for GBPUSD to rise more as the economic calendar is empty
and for such moves, it is required high trading volume in the market.
However, the pattern is supporting the bullish move and who like it can
trade with a smaller risk than normal.
Thank you and Good Luck!
📣GBPUSD
The price is above the wedge pattern and it is showing that it will rise more.
However, considering that this breakout is happening ahead of THANKSGIVING
I don't know how important could be this breakout.
There are not too many reasons for GBPUSD to rise more as the economic calendar is empty
and for such moves, it is required high trading volume in the market.
However, the pattern is supporting the bullish move and who like it can
trade with a smaller risk than normal.
Thank you and Good Luck!
Trade closed: target reached:
GBPUSD -> First Target Reached
Trade closed: target reached:
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