GBP/USD -Cup+Handle forming? 4hr to go long
Hi All,
Here we have the GBP/USD, with a possibility of a cup and handle at the bottom of a downtrend which could mean a bullish reversal!
We can wait for the handle to be formed in the coming days, and wait for a breakout candle above the handle trendline, profit could be determined by the depth of the cup, or a previous high, or key area.
** This is not financial advice, this is for educational purposes and my own opinion, all feedback is welcomed, **
Good luck and trade safe
L
Here we have the GBP/USD, with a possibility of a cup and handle at the bottom of a downtrend which could mean a bullish reversal!
We can wait for the handle to be formed in the coming days, and wait for a breakout candle above the handle trendline, profit could be determined by the depth of the cup, or a previous high, or key area.
** This is not financial advice, this is for educational purposes and my own opinion, all feedback is welcomed, **
Good luck and trade safe
L