-
GBPUSD Wedge Pattern to Offer Clues
The GBPUSD hasn’t been the most exciting currency pair lately. For nearly two months the pound has been consolidating against the U.S. dollar. And last week’s 115 pip range was the pair’s narrowest in years. However, if there’s one thing I know about consolidation and narrow ranges, it’s that big moves usually follow. A view of the GBPUSD daily time frame illustrates where the next significant move might begin. If we strip away some of the other levels, this wedge pattern becomes even more apparent. Given the short-term uptrend so far in 2019, it could signal a move higher. But GBPUSD bulls still have work ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Apr 15, 2019 12:47pm Apr 15, 2019 12:47pm
- Hutch
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 689 Comments
- Comment #2
- Quote
- Apr 15, 2019 11:49pm Apr 15, 2019 11:49pm
- ekan
- Joined Mar 2019 | Status: Member | 597 Comments
- Comment #3
- Quote
- Apr 16, 2019 5:01pm Apr 16, 2019 5:01pm
- Hutch
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 689 Comments
- Comment #4
- Quote
- Apr 17, 2019 2:28am Apr 17, 2019 2:28am
- ekan
- Joined Mar 2019 | Status: Member | 597 Comments
- Comment #5
- Quote
- Apr 17, 2019 1:05pm Apr 17, 2019 1:05pm
- Hutch
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 689 Comments
- Comment #6
- Quote
- Apr 17, 2019 1:20pm Apr 17, 2019 1:20pm
- ekan
- Joined Mar 2019 | Status: Member | 597 Comments