GBPUSD 11-15 Week Analysis [October] Bullish Pennant on Daily

Oct 13, 2021

There is a bullish Pennant visible on the Daily charts hinting a continued upwards movment to around 1.372. Furthermore, according to Trading Central, a double bottom can be seen on the 30M chart with price corss over on moving average signaling a new uptrend. This could be a 21 pips shot up. Comments and feedback?

Oct 13, 2021

Trade closed: target reached

It seems the upshot played nicely per analysis although there was a sharp trend downwards prior to the prices finally moving up. I am unable to explain the trend downwards prior to the above analysed upshot.