GBP/USD - LONG based on Pennant (1h) + Ascending Trendline (1D)

2020年9月10日

Based on the 1hr chart where a Bullish Pennant Pattern is forming, further upside is likely.

While on Daily, the price remains in an Upward Trendline which is on its way to forming an Ascending Triangle which I believe has 1-2 more pushes to the upside before being considered a good SHORT opportunity.

Price also remains above EMA on Daily + 4hr, while testing 2hr & below.

2020年9月10日

注释

Some additional charts and timeframes:
imgur.com/a/4TGjfSz

2020年9月10日

注释

Here's the 1hr chart but cleaned up (no gridlines) & using Heikin Ashi Candlesticks.

Overall selling pressure appears to be capped.

However, time will tell once London trading session opens in just under 2hrs

2020年9月10日

交易结束：到达止损

The Ascending Triangle was breached and the price dropped like a rock, hitting all 3 SL setups for varying risk appetites.