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British Pound / U.S. Dollar
Long

GBPUSD: Oversold Market & Potential Pullback 🇬🇧🇺🇸

By VasilyTrader
snapshot

Hey traders,

GBPUSD looks quite oversold.
The pair dropped to a key level.

To catch a pullback from that your confirmation will be a bullish breakout
of a neckline of a head and shoulders pattern on 1H time frame.
Wait for an hourly candle close above 1.34 - 1.3414 area as a trigger.
Then buy aggressively or on a retest.

Goals:
1.3463
1.349

In case the price breaks un underlined yellow level to the downside on a daily the setup will be invalid.

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dollarFibonacciForexGBPUSDMultiple Time Frame AnalysispoundSupport and ResistanceTechnical AnalysistradingUSDDJ FXCM Index
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