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KKN_Investment_Limited

Is GbpUsd finally correcting ?

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
KKN_Investment_Limited Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Gartley Fundamental Analysis brexit Bullish Gartley correctivestructure
5
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supportandresistance gartleypattern fundamental brexit bullishgartley correctivestructure
GBPUSD
The trend for the better part of the year has been bearish and there has been no significant correction.
It now seems like price is finally correcting and we are looking to ride this correction.
Our views are also supported by the formation of a bullish gartley at a a significant support area.
Our first take profit is at 1.32 but if this plays out well we might seek to ride this to around 1.35.
With brexit negotiations still ongoing, make sure to have your stops in place. Anything can happen.
Trade closed: stop reached

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