FXHighway
Long

(Update): GBPUSD hits the target, building ascending track

FX:GBPUSD   British Pound/U.S. Dollar
153 2 2
GBPUSD             pair managed to hit the full target waited for the inverted head and shoulders' pattern at 1.6835, moving sideways recently, with signs of ascending channel appears on the intraday basis.

These factors allow the pair to move higher in the upcoming period, targeting 1.7000 as a next main station, risk limits below 1.6685
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ciapul
2 years ago
Yasir - Head & Shoulders' pattern (inverted too) change the trend... so in order to be provided with a change in the trend, it must be a trend in case you are being shown consolidations
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FXHighway ciapul
2 years ago
That technical setup was a quick hunt for an intraday action, quick position , not depending on changing a trend ,, not a reversal pattern according to the technical theories and books ..

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