BogdanUng

Long GBP/USD

Long
BogdanUng Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Falling Wedge On D1 with bullish divergence. We can see that the high of the H&S have almost 100% distance between the next 2 levels. Still, M3 could go a little bit down, but the entry will be after the price will break out the next resistance.
Comment:
On H4 we can see that the price is floating in a range above the 38.2 at the Fibo retracement. We can look also for another testing at Fibo 50, 61.8 or 76.4.
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.