GBPUSD bullish pattern

21 de mar. de 2022

The cup and handle chart pattern shows that this pair can be in bullish trend. This has been confirmed by the bullish hammer and a bigger green candle which indicates that there is strong buying in this pair. The first target is at 1.3278. The given S/L and TP are based on 1:1 risk award pattern for a lot size of 0.1. It would be interesting to see weather this pattern break through the Fibonacci resistance at 0.618 (1.32399). If it does it would confirm that this pattern would follow the cup and handle pattern.