Trade Old Chart Patterns of GBPUSD... Buy!!!!

Trade Old Chart Patterns of GBPUSD... Buy!!!!

I often trade old chart patterns.. and for now gbpusd to me looking for a good recovery to upside.. 1hr and 4hr rsi is oversold and a move towards 1.295 and 1.30 is still possible..

On daily, it has fallen below rising trendline but recovery upside is still possible.. for sellers it would be a nice opportunity to short and for day traders it is good opportunity to buy!!!!

Stop is 1.285 as per old chart patterns and a move towards 1.295 and high!!!

Comment:

Break above 1.295 will target towards 1.306 and high!!!

Comment:

GU again in buyers territory.. 100 sma on daily is providing good support!!!!

Comment:

GU is setting motion towards 1.33.. for now move towards 1.30 and above is very likely now!!!