GBPUSD - Long term buy
Updated
History repeats itself? Very frequently it does..
The pound has been crashing with no signs of when the drain is ending. However, prices have approached a significant historic support line at which the direction of the market turned.
All indicators clearly show the exhaustion of the prolonged downtrend and nothing is left but for the bulls to come in at a familiar point; at which we'll be waiting for a push pull set up at which we'll enter on the H1 chart, on the brink of bulls winning grounds in their fight to shift the tides against the exhausted bears.
The pound has been crashing with no signs of when the drain is ending. However, prices have approached a significant historic support line at which the direction of the market turned.
All indicators clearly show the exhaustion of the prolonged downtrend and nothing is left but for the bulls to come in at a familiar point; at which we'll be waiting for a push pull set up at which we'll enter on the H1 chart, on the brink of bulls winning grounds in their fight to shift the tides against the exhausted bears.
Trade closed: stop reached
Price broke below the support
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