swing buy on gbp/usd still ongoing
This pair has been on a downtrend for some while now by maintaining a daily trendline aswell as trading at the bottom of the weekly descending channel until we saw a break above the daily trendline and then retesting a previous lower high as a support. Now price has once again retested the support forming a double bottom and failed to break below it which could only mean it could start an upside movement to the most obvious resistance key level. I have about 4 confluence that helped me to confirm this trade setup. What do y'all think 🤔☺️
Note
Over 200pips so far🤑🤑
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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.