GBPUSD - No Lower Low --> Up-Movement expected
Hi Traders!
The market is in a strong Downtrend, especially after
the Breakout of the weekly Trendline.
But since then, it seems like the marke isn't
really pushing downwards.
Firstly, we just had a little bit Lower Low and
this time, there isn't even any Lower Low.
This potentially indicates bullish strength.
The first target would be the outer Trendline and
the second target the last high/top.
Thanks and successful Trading :-)!
The market is in a strong Downtrend, especially after
the Breakout of the weekly Trendline.
But since then, it seems like the marke isn't
really pushing downwards.
Firstly, we just had a little bit Lower Low and
this time, there isn't even any Lower Low.
This potentially indicates bullish strength.
The first target would be the outer Trendline and
the second target the last high/top.
Thanks and successful Trading :-)!
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