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andybarbeler

GBPUSD Long Range Opportunity

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
andybarbeler  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBP LONG range
7
0
trendanalysis chartpattern gbp long range
  • As overall trend still forming an ascending triangle.
  • Price has reached diagonal of ascending triangle as the minor trend is shifitng back to bullish as minor trend of LH and LL has put in a HL at 1.2336.
  • A safe trade would be waiting for the clear break of the last LH and looking for a retest on the 15min, at that level.
  • With the stop below the low of the prev. HL around 1.2323
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