GBPUSD Critical Point
Updated
the pair is in a rising wedge and can make a good decision about the side to move
as we could see in past the price was showing some divergence with MACD (linked) and being in a rising wedge could be a good sign to short it
but from the other side we can see that it has broken the resistance and it is currently retesting it from the above so if it stands as a support we can be longing it too.
better to have an eye on DXY as well (Linked)
we believe it is better to wait and see which side it is finalizing and then surf it to the defined TP.
as we could see in past the price was showing some divergence with MACD (linked) and being in a rising wedge could be a good sign to short it
but from the other side we can see that it has broken the resistance and it is currently retesting it from the above so if it stands as a support we can be longing it too.
better to have an eye on DXY as well (Linked)
we believe it is better to wait and see which side it is finalizing and then surf it to the defined TP.
Trade active
fallingTrade closed: target reached
1 TP achievedTrade active
Going for the 2 TPTrade closed: target reached
All Bearish Targets Achieved
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