Wednesday, March 20, 2013

GBPUSD Line and Flag GBPUSD Long trade
On Hourly charts, the trendline resistance is holding up so far. 

After breaking the channel to the upside, trendline resistance is coming in play. Pair is making out a bullish flag formation. We can call it triangle as well. 

Would be interested to see on this side this triangle breaks up. A break on upside bring focus on trendline and horizontal resistance area. A break on lower side, bring focus on channel. 

No comments:

Post a Comment

Related Post