GBPUSD | Bullish trend
A bullish trend with higher highs and higher lows is a price pattern seen in financial markets, which suggests that an asset is experiencing an uptrend. This pattern is characterized by a series of higher highs and higher lows, where each high and low is higher than the previous one.
A higher high occurs when an asset's price reaches a new peak that is higher than the previous peak. This indicates that buyers are willing to pay higher prices for the asset, and that demand is increasing.
A higher low occurs when an asset's price falls to a new low that is higher than the previous low. This indicates that buyers are stepping in to buy the asset at higher prices, which helps to support the price and prevent it from falling further.
Taken together, a series of higher highs and higher lows indicates that an asset is experiencing a sustained uptrend, with buyers consistently pushing prices higher. This is often seen as a positive sign for investors, as it suggests that the asset is likely to continue rising in price.
A higher high occurs when an asset's price reaches a new peak that is higher than the previous peak. This indicates that buyers are willing to pay higher prices for the asset, and that demand is increasing.
A higher low occurs when an asset's price falls to a new low that is higher than the previous low. This indicates that buyers are stepping in to buy the asset at higher prices, which helps to support the price and prevent it from falling further.
Taken together, a series of higher highs and higher lows indicates that an asset is experiencing a sustained uptrend, with buyers consistently pushing prices higher. This is often seen as a positive sign for investors, as it suggests that the asset is likely to continue rising in price.
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