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BeaucoupPips

End of a trend?

Pound Inggris / Dollar AS (FX:GBPUSD)  
BeaucoupPips Diupdate   
FX:GBPUSD   Pound Inggris / Dollar AS
AB=CD Support and Resistance Double Top or Bottom
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abcdpattern supportandresistance doubletoporbottom
GBPUSD is trending upwards, but an AB=CD pattern could mark the end of the uptrend. The PRZ coincides with the LQP 1.275 and could serve as a resistance level for the pair. Price could play around this zone and go through to 1.275, or the resistance may be too much and cause a price reversal. Look out for extension patterns as the trend reaches its end.
Komentar:
Price has excelled past the PRZ straight into the LQP with some overspill.
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