GBPUSD - potential LONG SETUP
as per the chart above, there's a possibility that price might rally to the PRZ
1- bullish divergent on h4 - price made lower low and MACD made higher low
2- price is currently within the daily demand zone ; which is also within the monthly and weekly demand zone (low on the curve)
3- a bullish flag - the break and retest of the upper downward trendline may suggest that price could go up to PRZ
this are just my thoughts base on the strategy that I use.
What are your thoughts?
Blessed trading day all.
Renee H
1- bullish divergent on h4 - price made lower low and MACD made higher low
2- price is currently within the daily demand zone ; which is also within the monthly and weekly demand zone (low on the curve)
3- a bullish flag - the break and retest of the upper downward trendline may suggest that price could go up to PRZ
this are just my thoughts base on the strategy that I use.
What are your thoughts?
Blessed trading day all.
Renee H
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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.