This trade setup on GBP/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 1.2488.
ARTÍCULOS RELACIONADOS
We expect USDCAD to trend upwards for the next 4 hours.
We expect a $343 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards…
USD/CHF breakout from a Channel Up trade setup. Will it continue this trend to hit the target price?
The breakout of USD/CHF through the support line of a Channel Up could be a sign of the…
GBP/USD is currently testing a level of 1.2518. Will the breakout continue or will things reverse?
GBP/USD has broken through a line of 1.2518. If this breakout holds true, we could see the price…