As I said a few days ago there is a good potential for GBPUSD bullish move, and since then price has formed a falling wedge which eventually broken to the upside on Friday.
Because of the chart pattern bullish breakout, now we could look for buying opportunities, specially any pullbacks to our falling wedge.
Right now price is forming a bearish corrective move in 1H and 4H time frame. As a result I'm looking for lower time frame structure change to the upside and open a long position on this pair.
Keep in mind price can easily return to the wedge and manage to stay bearish for quite some time.
Because of the chart pattern bullish breakout, now we could look for buying opportunities, specially any pullbacks to our falling wedge.
Right now price is forming a bearish corrective move in 1H and 4H time frame. As a result I'm looking for lower time frame structure change to the upside and open a long position on this pair.
Keep in mind price can easily return to the wedge and manage to stay bearish for quite some time.
