Possible buy setup for GBPUSD
- Price has been in a buy since March 2020 and has bounced off my weekly buy support.
- Price has broken out of my 4hr sell resistance after retesting my buy support trend line.
- After the breakout we had a strong push to the upside with three bullish candles on the 4hr timeframe. Price is pulling back now and my thought is that this is to hit the stops and/or put the breakout traders in margin trouble.
- I am waiting for price to retest the highlighted zone on my chart that I see as a new level of support on the 4hr and1hr timeframe. Any reversal
pattern here and I am looking to enter the buy.
- Price has broken out of my 4hr sell resistance after retesting my buy support trend line.
- After the breakout we had a strong push to the upside with three bullish candles on the 4hr timeframe. Price is pulling back now and my thought is that this is to hit the stops and/or put the breakout traders in margin trouble.
- I am waiting for price to retest the highlighted zone on my chart that I see as a new level of support on the 4hr and1hr timeframe. Any reversal
pattern here and I am looking to enter the buy.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.