Long Opportunity (GBPUSD)
Looking at the 1D time-chart, prices are currently testing the support zone, which was previously tested in Dec 2018. There is a strong probability of a reversal to the resistance zone, given that the most recent candles closed above the High of the Low Period (HOLP) candle, forming a Morning Star pattern in the process. Additionally, Parabolic SAR dots have reversed, signalling an upward reversal.
Although current RSI levels of 52.42 are not within the "Oversold region", past results from Dec 2018 seem to lend support to a reversal, as RSI levels during that period were also hovering within the 50's before escaping the support zone.
Although current RSI levels of 52.42 are not within the "Oversold region", past results from Dec 2018 seem to lend support to a reversal, as RSI levels during that period were also hovering within the 50's before escaping the support zone.
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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.