GBP/USD - LONG based on Pennant (1h) + Ascending Trendline (1D)
Based on the 1hr chart where a Bullish Pennant Pattern is forming, further upside is likely.
While on Daily, the price remains in an Upward Trendline which is on its way to forming an Ascending Triangle which I believe has 1-2 more pushes to the upside before being considered a good SHORT opportunity.
Price also remains above EMA on Daily + 4hr, while testing 2hr & below.
While on Daily, the price remains in an Upward Trendline which is on its way to forming an Ascending Triangle which I believe has 1-2 more pushes to the upside before being considered a good SHORT opportunity.
Price also remains above EMA on Daily + 4hr, while testing 2hr & below.
Catatan
Some additional charts and timeframes:imgur.com/a/4TGjfSz
Catatan
Here's the 1hr chart but cleaned up (no gridlines) & using Heikin Ashi Candlesticks.Overall selling pressure appears to be capped.
However, time will tell once London trading session opens in just under 2hrs
Trading ditutup: stop tercapai
The Ascending Triangle was breached and the price dropped like a rock, hitting all 3 SL setups for varying risk appetites.
Looking for an ECN broker which is reputable, still offers 1:500 leverage, supports TradingView, & offers commissions from $6/lot down to $3/lot, well you're in luck :)
Follow my IB link today
blackbull.com/en/live-account/?ib=420187
Follow my IB link today
blackbull.com/en/live-account/?ib=420187
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Looking for an ECN broker which is reputable, still offers 1:500 leverage, supports TradingView, & offers commissions from $6/lot down to $3/lot, well you're in luck :)
Follow my IB link today
blackbull.com/en/live-account/?ib=420187
Follow my IB link today
blackbull.com/en/live-account/?ib=420187
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.