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danielbtrading

Wedge Pattern on Cable - Its looking good Ray.

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
danielbtrading  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators GBPUSD Forex cablelong cable forexanalysis wedgebreakout Bullish Patterns gbpusdlong
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trendanalysis indicator gbpusd forex cablelong cable forexanalysis wedgebreakout bullish gbpusdlong
I can see a very strong 4 hour bullish backbone which I have looked at for a while now, with the previous highs also creating a resistance level, I'm looking for a bullish breakout. As the markets open tonight I'm expecting to see a little bit of bearish movement to retest the supportive trend line but then if rejected, ideally by a bullish candle, Ill be looking for a buy for sure! Can expect slot of volatility this week as Biden finally being announced as president - Lets Get It
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