GBP/USD- 1 Hour analysis
Hello everyone!
-On a 1-hour chart, we can see that the price reached the previous resistance area, and the price made few rejections.
-We can see that the price also formed a bullish hidden divergence and that is a sign that the trend is going to continue.
-We can also see that the price respected the yellow trend line a few times so we may expect this as a buying opportunity.
-The Stochastic indicator is also in an oversold area.
-Before entering a trade please check the currency strength meter and news calendar to be sure what to do!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 1-hour chart, we can see that the price reached the previous resistance area, and the price made few rejections.
-We can see that the price also formed a bullish hidden divergence and that is a sign that the trend is going to continue.
-We can also see that the price respected the yellow trend line a few times so we may expect this as a buying opportunity.
-The Stochastic indicator is also in an oversold area.
-Before entering a trade please check the currency strength meter and news calendar to be sure what to do!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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