GBPUSD approaches Big support zone

Price trading within potential falling wedge which currently moving around the pivotal zone of a very big support.

Considering the confluence of the support and the bottom trendline of the falling wedge, we do believe GBPUSD is nearing the end of its immediate bear cycle.

The RSI also within strong oversold zone.

More update to follow, stay with the thread.

تم فتح الصفقة:

The bounce is happening as expected.

تم فتح الصفقة

أغلقت الصفقة: تم الوصول للهدف:

First target achieved

أغلقت الصفقة: تم الوصول للهدف:

We closed our Long position here, it has been a strong swing with over +2580pips.

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