GbpUsd- Adam and Eve double bottom could lead to 1.26
In my recent GbpUsd analysis, I draw attention to a potential bottom for the pair and a rise to 1.24.
With the price almost there we may wonder "What's next?"
Looking at the posted chart we can see that the falling trend line is broken and also the neckline of an "Adam and Eve" double bottom pattern with Eve being, in fact, 3 weeks of accumulation.
The pattern suggests an up continuation with a measured target of around 300 pips.
The next important horizontal of resistance is around 1.26, so, this could be a reasonable target for bulls.
Buying dips close to 1.23 could be a good strategy.
With the price almost there we may wonder "What's next?"
Looking at the posted chart we can see that the falling trend line is broken and also the neckline of an "Adam and Eve" double bottom pattern with Eve being, in fact, 3 weeks of accumulation.
The pattern suggests an up continuation with a measured target of around 300 pips.
The next important horizontal of resistance is around 1.26, so, this could be a reasonable target for bulls.
Buying dips close to 1.23 could be a good strategy.
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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