GBP/USD: Possible start of new impuls with this strong candle!
We may have left the bottom behind us... Very large bullish candle after Theresa May's speech earlier today.
Another strong reaction at 120 and no lower low means we could be in a wave 3 now...
First hurdle: down trendline, then the S/R zone and if that breaks and holds we have a higher high...
Keep an eye on the bat pattern in the coming weeks/months...
Another strong reaction at 120 and no lower low means we could be in a wave 3 now...
First hurdle: down trendline, then the S/R zone and if that breaks and holds we have a higher high...
Keep an eye on the bat pattern in the coming weeks/months...
Note
On it's course after the trendline broke...Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.