BULLISH ON GBPUSD
4TH LEG W FORMATION AT THE 1.298 SUPPORT ZONE
AND HIGHER LOWS AT EACH RETEST.
HIGHER TF SHOWS THIS PATTERN IS A DOUBLE BOTTOM RETEST OF A LONG TERM DOWNTREND.
LOOKING FOR PRICE CLOSE ABOVE 1.30243 AND RETESTS FORMING A NEW HIGHER LOW,
IF PRICE BREAKS AND CLOSES BELOW 1.296 ON A RETEST, THIS IDEA IS INVALID.
AND HIGHER LOWS AT EACH RETEST.
HIGHER TF SHOWS THIS PATTERN IS A DOUBLE BOTTOM RETEST OF A LONG TERM DOWNTREND.
LOOKING FOR PRICE CLOSE ABOVE 1.30243 AND RETESTS FORMING A NEW HIGHER LOW,
IF PRICE BREAKS AND CLOSES BELOW 1.296 ON A RETEST, THIS IDEA IS INVALID.
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