T_V_TreeTrader

GBP/USD chart is speaking it self!!

FX:GBPUSD   British Pound / U.S. Dollar
Greetings!

British Pound / U.S. Dollar
As you can see in the chart, an ascending triangle pattern is forming, which if completed, could be a good thing for raising price.
This month, the resistance level is from 1.31300 to 1.33300 and the dynamic support line is the same as the trend line .
If the price breaks the trend line , the price may fall to the support level of 1.27900 to 1.26500.

chart is speaking it self!!
Remember that Trend is our friend and we have to hold his hand and go with it.

Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
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Have a nice day and Good luck.
Trade closed: target reached
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Comments

Thank you for your thoughts. Also see the same as you. Will wait for the breakout confirmations for long or short positions
+1 Reply
@LouisLF, your welcome
Reply
NICE GOODJOB
Reply
T_V_TreeTrader williamandy175
Reply
Should i sell gbp usd
Reply
T_V_TreeTrader Billionaire91
@Billionaire91, I think it goes down to 0 1.29150
Reply
Billionaire91 T_V_TreeTrader
@T_V_TreeTrader, thanks, i'm trading it and was really unsure with if i should stop. thank you for the reply
Reply
T_V_TreeTrader Billionaire91
@Billionaire91 😊😊
Reply
Billionaire91 T_V_TreeTrader
@T_V_TreeTrader, i just lost Β£400 because it went for a buy
Reply
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