UsmanFarouk

GBPUSD trend reversal expected

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD was in downtrend as it was printing LHs and LLs. However upon close observation, bullish divergence on RSI was noticed. Consequently, a rising wedge also formed indicating start of a bullish trend upon breakout from the top. The projected high has been marked, as well as TP1 and TP2 along with Entry and SL positions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.