GBPUSD LONG
Updated
1M
EMA has crossed to the upside for the first time since, December 2014. Last month’s candle was a very strong bullish candle break past 1 weekly and 1 monthly level.
1W
Last week’s candle closed above a key monthly level, which invalidated the evening start that formed previously. The two weeks prior to this week, both candles have respected the bullish EMA support.
1D
Price has dropped to the preferred Fib zone, and also formed a 3 pin formation. EMA had been broken to the downside by the price but these are being retested today. EMA are also pointing up.
4H
Counter trend line has been broken, with an EMA cross over to the upside. Price has also rejected the EMA support multiple times today. Take profit has been placed passed the monthly resistance level, at the next major support level.
EMA has crossed to the upside for the first time since, December 2014. Last month’s candle was a very strong bullish candle break past 1 weekly and 1 monthly level.
1W
Last week’s candle closed above a key monthly level, which invalidated the evening start that formed previously. The two weeks prior to this week, both candles have respected the bullish EMA support.
1D
Price has dropped to the preferred Fib zone, and also formed a 3 pin formation. EMA had been broken to the downside by the price but these are being retested today. EMA are also pointing up.
4H
Counter trend line has been broken, with an EMA cross over to the upside. Price has also rejected the EMA support multiple times today. Take profit has been placed passed the monthly resistance level, at the next major support level.
Trade closed: stop reached
Stop Hit
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