medwards_

GBPUSD Possible Strong Bullish Momentum

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
What is your thoughts on this chart? Possible Break to the upside? as we are approaching the end of the ascending wedge .

Comments

Okay so both moving averages, are close to the candles. Price is bullish, ascending wedge has formed and everything seems to be converging. Good chance of price moving upwards and up to 1.31600.
+2 Reply
medwards_ Alarmed
@Alarmed, Hit 1.31600 perfectly :)
Reply
not bad
Reply
medwards_ Subrato-Nandi
@Subrato-Nandi, thankyou :)
Reply
I love seeing nice convergence like this, text book example of a likely breakout
Reply
medwards_ Alarmed
@Alarmed, 100% a textbook example ;) first one I have every drew up.....
Reply
Alarmed medwards_
@medwards_, beautiful
Reply
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