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MountOlympusFx

GBPUSD BUY: Weekly, Daily & 4hr Breakdown Analysis

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
MountOlympusFx Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD Forex
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trendanalysis harmonicpatterns chartpattern gbpusd forex
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GBPUSD Long

+ Weekly: This timeframe is still showing bullish momentum. Last weeks candle closed as a shooting star after rejecting off 1.3114 showing sell pressure.

+ Daily: After a huge bearish drop price has now stopped at 1.3036 support closing as a spinning top. Could see a move back up to 1.3114.

+ 4hr: Pair is forming multiple wick rejections and reversal candles at 1.3036 support. Will look to go long from here to top of range.

Trade active
Trade closed: stop reached
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