Get started
Quadricolor

GBPUSD Daily Long, bullish Flag formation and MA 200 bullish

Long
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
Quadricolor  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Flag Moving Averages GBPUSD LONG gbpusdlong FLAG Bullish Patterns
7
0
supportandresistance flagpattern movingaverage gbpusd long gbpusdlong flag bullish
There is a bullish flag formation, supported by the price above a bullish 200 MA and a break of the rising trend channel. This is all supportive of an upward price move. The risk reward ratio is at 9:1 with stop loss just under the lower channel of the flag. I don't see GBP strength against the USD, rather USD weakness against the GBP (see DXY). Trend is up, the trend is your friend!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.