Hi Friends,
I would like to share a trade pattern for the pair GBP/USD , hope it will be beneficial to you in some way. Fundamentally , Strong positive sentiments for GBP are restraining pair from a free fall , but in my personal view USD can strengthen with fumes of improved figures on NFP. Technically, Pair is out from its triangle formation in 4hr TF and heading towards a upchannel. I have shown my analysis purely based on Support and Resistance trendlines in the chart below. If the pair returns from its support level (I have highlighted with a circle) , then I am sure you would know where to place a sell order or close the buy order. Goodluck guys, Let's Have Some Pips !
Thanks for reading.
Best Regards.
I would like to share a trade pattern for the pair GBP/USD , hope it will be beneficial to you in some way. Fundamentally , Strong positive sentiments for GBP are restraining pair from a free fall , but in my personal view USD can strengthen with fumes of improved figures on NFP. Technically, Pair is out from its triangle formation in 4hr TF and heading towards a upchannel. I have shown my analysis purely based on Support and Resistance trendlines in the chart below. If the pair returns from its support level (I have highlighted with a circle) , then I am sure you would know where to place a sell order or close the buy order. Goodluck guys, Let's Have Some Pips !

Thanks for reading.
Best Regards.