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LearnFxJourney
Feb 16, 2019 5:42 PM

[GBPUSD] - Wave, Pattern, S&R Long

British Pound/U.S. DollarFXCM

Description

1. Bounce - The price has found support and formed an Inside Bar pattern at the End of Falling Wedge/ Psychological Level 1.28.
2. Break & Test - The upside break of the Inside Bar prompts a strong Bullish Momentum that break out of the Falling Wedge Pattern, signaling a potential Bullish Continuation towards 1.3 & 1.32. A retest is needed to confirm the validity of the signal. A rejection on the Buying Zone will trigger the Bullish Move.
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