Get started
Itumeleng90

GBP/USD BROADENING BOTTOM REVERSAL WITH CONTINUING FLAG PATTERN

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Itumeleng90  
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Flag
1
0
chartpattern flagpattern
On a monthly chart, we see that the pair had developed a broadening bottom pattern from a bearish trend, as it went low to a monthly resistance 1.14682 then shooting upwards to break 1.27954 before the development of a flag pole. At 1.29554 forms an uptrend support line for a flag and at 1.32830 form a breakout of the bullish candle and currently the market pulled back to that area as support line. before the pullback we see price touching 1.34880. well i took my profits there.
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.