GBPUSD - LONG - 1 HOUR CHART
PROS
- price at a uptrend trendline
- 1.29500 handle is strong level with it being tested by support and resistance
- price making HH and HL
- 4 hour candle closed with a rejection candle (on a uptrend trendline)
- sma has crossed over (anticipating 5 sma to crossover the 10 sma)
- rsi at oversold level (expecting price to move up)
TARGET
- profit level looking at 1.30600
- price at a uptrend trendline
- 1.29500 handle is strong level with it being tested by support and resistance
- price making HH and HL
- 4 hour candle closed with a rejection candle (on a uptrend trendline)
- sma has crossed over (anticipating 5 sma to crossover the 10 sma)
- rsi at oversold level (expecting price to move up)
TARGET
- profit level looking at 1.30600
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.
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.