UnknownUnicorn180388

GBP.USD - Buy Stop Order

Long
FX:GBPUSD   British Pound / U.S. Dollar
The GBP.USD is one pair on this evening's pending order list.

I will run through the technical analysis on the 4hr and 1hr TF post London open.
Comment:
A break and close below 1.2150 would invalidate the idea.
Comment:
Weekly bullish RSI divergence
Comment:
Pending order on this pair has been cancelled over the weekend, if it meets my rules to do so I will re-open the pair next week.
Comment:
Price broke to the upside, still awaiting a setup due to cancelling orders over the weekend.
Comment:
Price is now retesting Daily EMA resistance, i am still looking long on this pair.
Comment:
1hr chart pattern setup.

Comment:
Updated analysis as i look to take this pair short towards 1.2550
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.