GBPUSD has been moving downward for days now and it broke through a major support and minor support level. It has finally stopped at a minor support level. Since there was no retest to confirm this move down we must return to major support to retest support now turned resistance. This is about a 60 pip bull run. The market is oversold and USD is weak. We will see a nice push up within the hour to next day.
Be prepared for a buy when you see it break the 50 ema on the 15 minute chart.
Be prepared for a buy when you see it break the 50 ema on the 15 minute chart.
Note
Things are looking good for us
Trade active
Price broke the 50 ema as expected.
Trade closed: target reached
76 pips secured! I hope you guys caught this move.
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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.