GBP/USD bull flag before a key area
Hi all
Here we have a 4HR chart with the top of the chanel/range as shown, with a bullish flag just before a key area of value which in my opinion is a good sign which could be in the form of a higher impulse move higher with a retest of the chanel line or a H+S pattern. (just a couple of patterns I personally use). There is a slight consolidation before the move higher, which you can also see just at the start of the trendline before another flag pattern can been seen, (although you could argue is it a flag, but this is my opinion)
If we break below the flag then the pair could be shorted - will update if shorted
* This is not financial advice this is my own opinions and for education purposes only, all feedback back is welcomed *
Good luck and trade safe
L
Here we have a 4HR chart with the top of the chanel/range as shown, with a bullish flag just before a key area of value which in my opinion is a good sign which could be in the form of a higher impulse move higher with a retest of the chanel line or a H+S pattern. (just a couple of patterns I personally use). There is a slight consolidation before the move higher, which you can also see just at the start of the trendline before another flag pattern can been seen, (although you could argue is it a flag, but this is my opinion)
If we break below the flag then the pair could be shorted - will update if shorted
* This is not financial advice this is my own opinions and for education purposes only, all feedback back is welcomed *
Good luck and trade safe
L