GBPUSD: DESCENDING WEDGE BREAK-OUT WITH A TWIST- BULLISH.

Descending wedge leading the signals for a breakout with a pullback twist. In a Day-time frame, the pair GBPUSD gaining its full potential to break the descending wedge pattern. This pattern breakout will favour GBP and its buyers.

With its potential trace, the chart imprinting its price range around 1.29321. From the 1.31323, the market gave a gradual down for the price range towards the pattern support zone.

Again, the throwback from the support zone marking a potential breakout setup.
Consciously, the breakout setup may tend a pullback and a throwback set-up to maintain its potential for the up-run.

On that case, the pair could fetch the quote 1.36054. On another hand, after the pullback set-up if the signals continuous sentiments with the bull instead of a throwback formation means, end the trade 1.26013.

SIGNALS SPECIFICATION

Entry: 1.29321

Take Profit: 1.36054

Stop loss: 1.26013

Risk Vs Reward: 2.04

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