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Trader-TO
Oct 9, 2021 10:05 AM

GBPUSD 11-15 Week Analysis [October] Up Trend Direction? 

British Pound/U.S. DollarFXCM

Description

Here I have re-evaluated the uptrend lines and noticed the current downtrend could be just a retracement for longer term uptrend. Therefore the price action may trend side ways towards the up trend line and then hit up wards. Thoughts?

Trade closed: target reached

Interesting the trend line did follow the rise and fell later on.
Comments
Mavic08
Double top
Trader-TO
@Mavic08, Aha nice thanks!
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