M1_GHOST

Bullish trend in upcoming week for GBPUSD

Long
FX:GBPUSD   Livre sterling / Dollar américain
i believe that the upcoming week is going to be a bullish week for GBPUSD, due to larger institutional trendlines and S/R lines. the overall trend drawn for GBPUSD is bullish; based on Weekly timeframe drawn trendlines, however as there is a lot that can happen in such a large timeframe. the trendline for the daily timeframe drawn in yellow, which has hit the support level. indicating a bullish reversal, with a tweezer top pattern formed at support on the daily timeframe, a bullish engulfing chart pattern formed on the 4HR timeframe and a morning star on the 2HR timeframe. on top of that, there's a railroad pattern formed at resistance on the 1hr Timeframe...etc there are several indications of bearish movement towards my resistance level for the week. I estimate that there will be roughly a 200pip minimum bullish movement; with lots of minor downtrends formed in the major uptrend.
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.