GBPUSD First Target Touched By Bulls, What Next?
Bulls Finally Won the Battle!
After a failed breakout below triangle, strong reversal up happened and bear gave up.
1st target (Top of Triangle) got touched by bulls, as you see bull leg is so strong so lets check possibilities.
First of all such strong bull legs usually (60%) have another leg (or legs) up so it may have some correction and then another bull attempt for reaching higher prices.
Also this bull movement can be buy climax testing the possible trading range top. ( Range top can be form with top of triangle)
What do you think about this chart? Feel Free and Comment Below!
After a failed breakout below triangle, strong reversal up happened and bear gave up.
1st target (Top of Triangle) got touched by bulls, as you see bull leg is so strong so lets check possibilities.
First of all such strong bull legs usually (60%) have another leg (or legs) up so it may have some correction and then another bull attempt for reaching higher prices.
Also this bull movement can be buy climax testing the possible trading range top. ( Range top can be form with top of triangle)
What do you think about this chart? Feel Free and Comment Below!