alex.ofx
Long

GBPUSD ASCENDING TRIANGLE, Bullish Outlook LONG!

FX:GBPUSD   British Pound/U.S. Dollar
206 5 5
10 months ago
Hi Guys,

GBPUSD             1H TF seems to me like its trying to break out of the ascending triangle.
I would say a close above 1.4365 (1H TF OR 4H TF) will indicate that this is not a false breakout, and more upside can be seen.

Target will be the 1.618 extention, or whole number resistance (1.45)

Please comment or like if it helps, i am open to any critics as well (:

All the best!
10 months ago
Order cancelled: This one seems to be a false breakout.
But we learn from our mistakes (:

Related Ideas

SubTh3ory
10 months ago
Just be careful on this one as the 4 hour candle has not closed above on this one just yet. This could be a fake break. We'll see. :)
Reply
alex.ofx SubTh3ory
10 months ago
Yes agreed, we have to keep an eye on that
+1 Reply
SubTh3ory
10 months ago
This should give a good idea of where price might go from here if we see it close appropriately:
GBPUSD Bullish Retracement.  Waiting for close above 1.4360
Reply
alex.ofx SubTh3ory
10 months ago
Thanks bud! Really appreciate you sharing the analysis.
+1 Reply
SubTh3ory alex.ofx
10 months ago
Anytime!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out