Hello friends,
Having in mind my bearish bias for everything, I've noticed that GBPUSD has a big rising wedge. The wedge extreme target is the bottom of the pattern, however this is a longer term target. Breaking upwards might devalidate the pattern if we see a good volume. However, I doubt it. Thus, I am waiting for downward confirmation.
Namaste!
Having in mind my bearish bias for everything, I've noticed that GBPUSD has a big rising wedge. The wedge extreme target is the bottom of the pattern, however this is a longer term target. Breaking upwards might devalidate the pattern if we see a good volume. However, I doubt it. Thus, I am waiting for downward confirmation.
Namaste!
Trade closed: target reached