elroy.galbraith
Long

Bullish Pennant, Reversal and Divergence for GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
35 0 0
The FX:GBPUSD             showed multiple bullish signals on the 30 min following the decision by the BoE to maintain interest rates along with asset purchases. A bullish pennant had formed, that included a bullish reversal candle pattern at a support line. There was also evidence of hidden bullish divergence, with the price showing higher lows, but the indicators showing lower lows.

I suggest trading a bounce on the upper pennant line and targeting 40 pips.

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