Trade Old Chart Patterns of GBPUSD... Buy!!!!
Updated
Trade Old Chart Patterns of GBPUSD... Buy!!!!
I often trade old chart patterns.. and for now gbpusd to me looking for a good recovery to upside.. 1hr and 4hr rsi is oversold and a move towards 1.295 and 1.30 is still possible..
On daily, it has fallen below rising trendline but recovery upside is still possible.. for sellers it would be a nice opportunity to short and for day traders it is good opportunity to buy!!!!
Stop is 1.285 as per old chart patterns and a move towards 1.295 and high!!!
I often trade old chart patterns.. and for now gbpusd to me looking for a good recovery to upside.. 1hr and 4hr rsi is oversold and a move towards 1.295 and 1.30 is still possible..
On daily, it has fallen below rising trendline but recovery upside is still possible.. for sellers it would be a nice opportunity to short and for day traders it is good opportunity to buy!!!!
Stop is 1.285 as per old chart patterns and a move towards 1.295 and high!!!
Note
Break above 1.295 will target towards 1.306 and high!!!Note
GU again in buyers territory.. 100 sma on daily is providing good support!!!!Note
GU is setting motion towards 1.33.. for now move towards 1.30 and above is very likely now!!!
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