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Technical Analysis
Daily Technical Analysis by Admiral Markets
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[QUOTE="Admiral Markets Group, post: 121202, member: 37217"] [B][SIZE=5]GBP/USD Master Candle Marks Trend Continuation[/SIZE][/B] [IMG]https://s27.postimg.org/cbu9h8xgj/0802.jpg[/IMG] As I showed on Session Recap webinar, the GBP/USD has been in a steady uptrend that was almost interrupted by a stop grabber candle that was initiated after bad GBP/USD data yesterday. At this time we can see a Master Candle (MC) formed and a breakout above 1.2518 should spike the price towards 1.2560 and eventually 1.2600 zone. If a MC breaks lower below 1.2474 then it should retrace to POC zone 1.2435-50 where we might see a bounce towards 1.2515 and above. At this point the GBP/USD is still bullish and watch for a possible trend continuation. [/QUOTE]
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