GBPUSD reached the 1day MA50. Double netry buy opportunity.
GBPUSD is about to test the 1day MA50, which is intact since August 13th.
The pattern is a Channel Up and even though its bottom is a little lower, the 1day MA50 should technically be a first buy entry on this pattern.
If the price drops more, you can use the bottom of the Channel for a 2nd entry.
A rebound of the 1day RSI on its Support Zone, confirms the buy signal.
Target on both occassions 1.3500.
Previous chart:
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The pattern is a Channel Up and even though its bottom is a little lower, the 1day MA50 should technically be a first buy entry on this pattern.
If the price drops more, you can use the bottom of the Channel for a 2nd entry.
A rebound of the 1day RSI on its Support Zone, confirms the buy signal.
Target on both occassions 1.3500.
Previous chart:
Follow us, like the idea and leave a comment below!!
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