GBPUSD can have a good opportunity for buy position.
For these reasons :
1. the bullish trend line shows the bullish trend. and price can reaction to the trend line again.
2. intersection of the support zone and the trend line can make the bullish movement more strong.
3. RSI divergence shows that the price will decrease and then we can see the price hitting whit the support level and the trend line.
Trigger : after that price hitting the support level and the trend line we can open a buy position whit a candle stick.
Stop loss : the stop loss can be below the candle stick or below the trend line.
It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
For these reasons :
1. the bullish trend line shows the bullish trend. and price can reaction to the trend line again.
2. intersection of the support zone and the trend line can make the bullish movement more strong.
3. RSI divergence shows that the price will decrease and then we can see the price hitting whit the support level and the trend line.
Trigger : after that price hitting the support level and the trend line we can open a buy position whit a candle stick.
Stop loss : the stop loss can be below the candle stick or below the trend line.
It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
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.