BULLISH PENNANT FORMING ON GBPUSD - LONG

15 giu 2017

Bullish pennant forming on GBPUSD. Strong resistance at 1.277, look for entries at around 1.278 and then set a trailing stop to break even. Initial SL @ 1.27400. If it breaks the resistance and holds, it should function as a strong support. TP could easily reach 1.28138 and above. Candle needs to close above the upper trendline for this setup to be valid.

Happy Trading.

15 giu 2017

Nota

Structure still forming and still valid

15 giu 2017

Nota

Might be able to go on a stop hunt above 1.28 ;)

15 giu 2017

Nota

Hopefully this closes above the trendline

15 giu 2017

Trade attivo

SL @ 1.27200

TP 1.28+

16 giu 2017

Nota

Up and away we go!

16 giu 2017

Trade chiuso: obiettivo raggiunto

16 giu 2017

Nota

TP of 1.27801 was hit.