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ShaneHuynh
Aug 30, 2018 9:51 PM

GBPUSD Broadening Descending Wedge Long

British Pound/U.S. DollarFXCM

Description

After a impulsive swing up, GBPUSD went into a consolidating period and formed a broadening descending wedge. Price seems to have a partial decline, which signals a upward breakout. Wait for price rises and closes above the breakout point to confirm an upward breakout. With recent development in Brexit case, there should be enough momentum for price to continue the uptrend.
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