Get started
Saad-ElFayed

GBPUSD: A higher high formation

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Saad-ElFayed  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Forex GBPUSD GBP USD Trend Line Break
4
0
trendanalysis chartpattern forex gbpusd gbp usd trendlinebreak
The GBPUSD retested the broken bearish trend line earlier this month. Last week it formed a higher high at 1.26500, which is an indication that the next move of the prices is bullish.
Our entry will be after a clear closer above the higher high 1.26500.
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.