GBP/USD - Bullish
Updated
Monthly
Monthly perspective shows us a close above 1.4000. Although we have a long spike to the upside, on the lower TF this is a pullback. EMAs have also caught up to the price.
Weekly
Last week we saw a shooting star with the week prior breaking above 1.4000 and closing firmly. As mentioned above, this shooting star represents a pullback and EMAs are upward facing holding as support.
Daily
We have higher highs and higher lows forming. Should today close firmly above our 8 EMA, we could potentially see price continue higher. EMAs are also upward facing.
H4
Price has moved into our fib region and rejected 3 times. Yesterday we touched our TL for the 3rd time and we have also broken our CTL and had an EMA crossover to the upside in alignment with the bigger picture.
Monthly perspective shows us a close above 1.4000. Although we have a long spike to the upside, on the lower TF this is a pullback. EMAs have also caught up to the price.
Weekly
Last week we saw a shooting star with the week prior breaking above 1.4000 and closing firmly. As mentioned above, this shooting star represents a pullback and EMAs are upward facing holding as support.
Daily
We have higher highs and higher lows forming. Should today close firmly above our 8 EMA, we could potentially see price continue higher. EMAs are also upward facing.
H4
Price has moved into our fib region and rejected 3 times. Yesterday we touched our TL for the 3rd time and we have also broken our CTL and had an EMA crossover to the upside in alignment with the bigger picture.
Note
Re-entered after stop and hit profit.
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