GBPHUF - Analysing this pair, I see price action has respected the lower trend line well in the past. Coupled this with a bullish divergence favourable volume and a break of the low time frame trend line, I will be longing GBPHUF with a potential target between .5 and .618 retracement. I back this level with historic S/R of PA where price action may...
Chart pattern : Falling Wedge in timeframe H4
Price cannot break the upper line and may drop down to the support level 352.75
Target point near the support level 352.75
Stop loss should higer than the resistance level 363.50