Hello Traders,
Based on my technical scoring, we have a valid buying opportunity on the GBPUSD in line with the bullish trend (Daily).
We are sitting on a daily structure level, with strong fibonacci confluence.
RSI was oversold on our initial test
Looking for entries on my lower time frame, in the form of a double bottom with RSI divergence.
Stops are based off a 2xATR
Targets based off a Fibonacci retracements of the recent swing.
Furthermore, we have a buillish Cypher pattern that is still valid.
Have a great week!
Based on my technical scoring, we have a valid buying opportunity on the GBPUSD in line with the bullish trend (Daily).
We are sitting on a daily structure level, with strong fibonacci confluence.
RSI was oversold on our initial test
Looking for entries on my lower time frame, in the form of a double bottom with RSI divergence.
Stops are based off a 2xATR
Targets based off a Fibonacci retracements of the recent swing.
Furthermore, we have a buillish Cypher pattern that is still valid.
Have a great week!
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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.