GBPUSD buy : Rising Broadening Wedge

The pair has formed a rising broadening wedge pattern on daily basis, where yesterday, the prices turned from the lower trendline of the pattern, rebounding from the crucial support of 1.20200, creating a double bottom. The prices can reach the level of 1.22860 with an intermediate target at 1.21606. On the other hand, initial support lies at the 1.20200 and then at 1.91533.

Trade ist aktiv:

fist target achieved

Trade geschlossen: Ziel wurde erreicht:

cheers!!!!!!!!!!!!