TradingView
ShaneHuynh
Aug 14, 2018 6:19 AM

GBPUSD forms a diamond bottom.  Long

British Pound/U.S. DollarFXCM

Description

GBPUSD finished its diamond bottom formation. The pair is likely to rise to the downtrend line to finish the BARR bottoms formation as well. It's a potential long trade.

Trade closed: stop reached

Price indeed reached the trendline but failed to break through. It reversed immediately to the entry point and dropped further few bars later. Another bump is forming.
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