GBPUSD Long
+ Weekly: Price is currently at 1.3000 after rejecting off level for a 5th week. Although last week closed as a shooting star signalling bearish momentum, however need a break of 1.3000 before selling beyond this level. GU still looks bullish.
+ Daily: Price has double bottomed at 1.3000 with friday candle closing as a spinning top candle signalling indecision. Untill 1.3000 is broken i will only be looking for longs.
+ 4hr: Descending trendline was broken changing momentum from bearish to bullish. Now waiting for a retest of trendline + 1.3025 4hr support then I will enter Long up to 1.3175 starting a possible range.
Trade active
Long off 4hr Support at 1.3037. Moved support abit higher.Trade closed manually
+60 pips at 1.3100 first tp level
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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.