PeNuel2020

GBPUSD - STILL HOLD YOUR BUY

Long
FX:GBPUSD   Britisches Pfund / US-Dollar
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I posted a chart analysis on how GU will buy from key support but unfortunately, we had to
wait for some days before we saw that bullish move come through. Here again is a pattern\
of key interest spotted on GU. It is called the falling wedge pattern.

A Falling Wedge is generally considered bullish and is usually found in uptrend. But they
can also be found in downtrends as well. The implication however is still generally bullish .
This pattern is marked by a series of lower tops and lower bottoms
, as seen drawn by the
yellow lines. Go on make more findings on how to trade them when you spot them.

Above all, stay safe and disciplined.

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.

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