Bullish pennant forming on GBPUSD. Strong resistance at 1.277, look for entries at around 1.278 and then set a trailing stop to break even. Initial SL @ 1.27400. If it breaks the resistance and holds, it should function as a strong support. TP could easily reach 1.28138 and above. Candle needs to close above the upper trendline for this setup to be valid.
Happy Trading.
Happy Trading.
Komentar:
Might be able to go on a stop hunt above 1.28 ;)
Might be able to go on a stop hunt above 1.28 ;)
Komentar:
Hopefully this closes above the trendline
Hopefully this closes above the trendline
Trade aktif:
SL @ 1.27200
TP 1.28+
SL @ 1.27200
TP 1.28+
Komentar:
Up and away we go!
Trading ditutup: target tercapai
Komentar:
TP of 1.27801 was hit.
Structure still forming and still valid