BULLISH PENNANT FORMING ON GBPUSD - LONG

Bullish pennant forming on GBPUSD. Strong resistance at 1.277, look for entries at around 1.278 and then set a trailing stop to break even. Initial SL @ 1.27400. If it breaks the resistance and holds, it should function as a strong support. TP could easily reach 1.28138 and above. Candle needs to close above the upper trendline for this setup to be valid.

Happy Trading.

Commentaire:

Structure still forming and still valid

Commentaire:

Might be able to go on a stop hunt above 1.28 ;)

Commentaire:

Hopefully this closes above the trendline

Transaction en cours:

SL @ 1.27200

TP 1.28+

Commentaire:

Up and away we go!

Trade fermée: cible de profit atteinte

Commentaire:

TP of 1.27801 was hit.