Kbiz_fx

Kbiz_fx Updated 

It looks like GBPUSD has hit a key area of support price on the weekly time frame. The market moves of this area very well and I believe the probability of it moving to the upside is high. It has tried to move of the area but has been a little bit of a pull back currently into the support zone. This tells me there may be some consolidation before the bullish trend...

Kbiz_fx

Here we can see a nice cup and handle pattern formed on the 4HR and 1HR chart which is more confirmation of my earlier analysis on the WEEKLY time frame. I personally use the 15M time frame for execution and entry and use the 1HR for perspective of momentum throughout the day. As you can see I have lined up entry point and TP points on the 15M time frame. The...