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forexnoobmaster007

GBPUSD buy : Rising Broadening Wedge

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
forexnoobmaster007 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD gbpusdlong gbpusdbuy gbpusdbullish poundlong
3
0
trendanalysis chartpattern gbpusd gbpusdlong gbpusdbuy gbpusdbullish poundlong
The pair has formed a rising broadening wedge pattern on daily basis, where yesterday, the prices turned from the lower trendline of the pattern, rebounding from the crucial support of 1.20200, creating a double bottom. The prices can reach the level of 1.22860 with an intermediate target at 1.21606. On the other hand, initial support lies at the 1.20200 and then at 1.91533.
Trade active:
fist target achieved
Trade closed: target reached:
cheers!!!!!!!!!!!!
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