RiosTrades

GBPUSD BULLISH Opportunity

Long
FX:GBPUSD   British Pound / U.S. Dollar
I can't help but to notice an excessive amount of Short Ideas appearing in this chart, I do see how price could dump in this scenario but being GBPUSD, I know there's a lot of market manipulation and wouldn't be surprised to see another turn around in price regardless of Candle Stick Readings, Etc. I still see GBPUSD rising to break out of its Squeezing Pattern, Bearish scenario would be to see price break below support and to find a 38% retracement rejection to show how much stronger this bearish scenario would be.
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.