GBPUSD approaches Big support zone

Price trading within potential falling wedge which currently moving around the pivotal zone of a very big support.

Considering the confluence of the support and the bottom trendline of the falling wedge, we do believe GBPUSD is nearing the end of its immediate bear cycle.

The RSI also within strong oversold zone.

More update to follow, stay with the thread.

Trade ist aktiv:

The bounce is happening as expected.

Trade ist aktiv

Trade geschlossen: Ziel wurde erreicht:

First target achieved

Trade geschlossen: Ziel wurde erreicht:

We closed our Long position here, it has been a strong swing with over +2580pips.

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