As stated in my DXY trade set up a few days ago the GBPUSD pair and stock market should've been watched for bullish reversals.
- The GBP/USD pair is sitting under resistance and breaking out of a triangle after an initial impulse up.
- What were looking for is a breakout and confirmation of the triangle. And then a break of the resistance marked by the orange dotted line.
- Then the trade would be as shown.
- The GBP/USD pair is sitting under resistance and breaking out of a triangle after an initial impulse up.
- What were looking for is a breakout and confirmation of the triangle. And then a break of the resistance marked by the orange dotted line.
- Then the trade would be as shown.