Falling Wedge on GBPUSD Long

BRITISH POUND / U.S. DOLLARICE

Description

⋅ Jan 26, 2017 12:47 PM

A falling wedge has formed on the 5 mins chart of GBPUSD with a bullish RSI divergence.

A long can be taken on the upside break of the Falling Wedge pattern.

Trade active

⋅ Jan 26, 2017 12:52 PM

Long initiated!

Trade closed manually

⋅ Jan 26, 2017 7:18 PM

Price seemed like it'd make a retrace from the previous resistance zone. Hence Trade closed manually with some profit.