Double Bottom - GU
GBP/USD is starting the week off with what looks to be a possible Double Bottom!!
Price was unable to continue further down creating a Higher Low than the previous Low created on Thur. Sept' 7th.
With price currently pushing higher now, what can be expected is for a Higher High to be formed where price NEEDS to break 1.25142!!
*Price breaking and closing above 1.25142 will initiate my Trade Action Plan
**Price breaking and closing below 1.24510 will INVALIDATE setup
BE AWARE: Price Action & Chart Patterns have the potential to fail 1/3 of the time so keep a watchful eye for FAKE BREAKOUTS!
Price was unable to continue further down creating a Higher Low than the previous Low created on Thur. Sept' 7th.
With price currently pushing higher now, what can be expected is for a Higher High to be formed where price NEEDS to break 1.25142!!
*Price breaking and closing above 1.25142 will initiate my Trade Action Plan
**Price breaking and closing below 1.24510 will INVALIDATE setup
BE AWARE: Price Action & Chart Patterns have the potential to fail 1/3 of the time so keep a watchful eye for FAKE BREAKOUTS!
Commentaire:
Price has given us a BREAK and CLOSE ABOVE!!! Price active has initiated my TRADE ACTION PLAN!! Stay Tuned!
