ascending triangle gbp usd

on gbp usd we see bullish ascending triangle formation.
it is typical trend continuation pattern,
the horizontal line represents overhead supply that prevents the price from running futher.
Even if the price cannot rise through this zone, the lows continue to rise indicating rising buying pressure.
The breakout of resistance will indicate trend continuation and will be a nice opportunity for us to buy the market.

I set stops below 1.373
Target is based on base range

Yorum:

New equal high

Yorum:

breakout

İşlem kapandı: hedefe ulaştı