GBPUSD - Long
We saw a nice fake-out move lower, buyers immediately pushed price back above 1.38500 - below this level look for shorts.
If we make a higher low / inverse head and shoulders pattern on the hourly, we could see a run up to 1.40. A break of this level will confirm longer term bullish sentiment
If we make a higher low / inverse head and shoulders pattern on the hourly, we could see a run up to 1.40. A break of this level will confirm longer term bullish sentiment
Note
Target met @1.40
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.