forexnoobmaster007

GBPUSD buy : Rising Broadening Wedge

Long
FX:GBPUSD   British Pound / U.S. Dollar
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!!!!!!!!!!!!