Razvan
Long

GBPUSD - Falling Wedge

FX:GBPUSD   British Pound/U.S. Dollar
On the GBPUSD             a Falling Wedge was drawn. In this case it could signal a bullish move. Bears are putting a lot of pressure on the cable because the rate hikes were postponed. From the technical perspective, though, a break above 1.6600 could trigger a rally to retest the trend line. A false breakout above the current resistance would be a negative signal. This is a counter trend move, so everyone should be careful :)
hi, were to put the stop?
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Razvan ProSignals
2 years ago
You should wait for the confirmation (breakout and close above 1.66) and set it under the round level.
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