Weekly Watchlist: GBP/USD - July 8 - 12, 2019

DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".

DAILY:
Price has reached a strong support area. There might be a possible double bottom, and there is MACD divergence. Over extended 50EMA. We might be looking for a reversal.

4HR:
There was a lower test candle printed. Price still below the 50EMA

I would have to wait for a cross of the 1hr 50EMA before taking a long position.