JonathanOtero7f

EUR/GBP Ascending Triangle

Largo
FX:EURGBP   Euro/Libra esterlina
0
The pair has being very consistent with the ascending triangle pattern having hit the lower ascending trend at 5 points and the upper trend (resistance level as well). Once the triangle has being broken through, the expectation is for the pair to reach the 0.87500 or 2.05% gained from its resistance level. I have also added the ROC momentum indicator which follows the same pattern. I'm expecting a pull back to its support trend line before a breakout occurs where the target could be tested. Price also remains above both 50 and 20 moving averages maintaining a bullish signal.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.