GBPUSD - Look for Continuation Long (SWING) 1:2!
Updated
The price is forming a symmetrical triangle on the higher time frame with strong bullish momentum. This could be boosted by the Consumer Price Index (CPI) USD news once the US market opens.
As we can see, the final wave is almost complete and reaching the top descending line. If this line breaks due to the news, we may see a strong continuation to the next valid Resistance level.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
As we can see, the final wave is almost complete and reaching the top descending line. If this line breaks due to the news, we may see a strong continuation to the next valid Resistance level.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Trade active
We need to wait for the price to break the nearest resistance and be supported by another confirmation before going long. Trading is a waiting game...Trade active
100 pips achieved and still climbing! Let's see if the price reaches the next TP.Always protect your capital by moving your SL to BE. Happy trading!
_S.Fx_
Disclaimer
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