GBPUSD - LONG
DAILY: price broke up from its daily support. right now it is on Daily minor support (red line). but on daily time it is still bearish as previous LH is not broken, which is also a minor daily resistance at 1.23500. to become bullish it has to break it.
Hourly: Price took rejection from the upper trend line, and 78.6% FIB. came back down to its trendline support, and respected it along with 23.6% FIB. (predicted last week by drawing that red line).
It formed three white soldiers as well.
It can be longed here to test its upper trendline again, and where horizontal Resistance lies as well. SL should be just below the lower trendline.
Hourly: Price took rejection from the upper trend line, and 78.6% FIB. came back down to its trendline support, and respected it along with 23.6% FIB. (predicted last week by drawing that red line).
It formed three white soldiers as well.
It can be longed here to test its upper trendline again, and where horizontal Resistance lies as well. SL should be just below the lower trendline.
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