Bullish trade idea: 1.- Golden Cross 2.- Bearish trend line breakout 3.- Key Resistance Breakout 4.- Retest and confirmation 5.- Moving inside an ascending channel The price is now approaching to the lower trend line. After arriving to the buy level our goal is 106
We must wait to confirm the breakout of the ascending triangle and 1.92 price. After that we'll have an opportunity to buy if the price do a little pullback. Our goal will be between 1.95 and 1.96
In the last days we have seen how the bullish trend in GBP/USD has lost strength. In addition, it faces a downtrend line whose points are in 2007 and 2014. We must see it break through two key points before going short, the dollar must pick up some strength in the coming weeks to achieve our objective. Our first goal after the entry will be 1.34, once there we...