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.
I will run through the technical analysis on the 4hr and 1hr TF post London open.
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A break and close below 1.2150 would invalidate the idea.
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Weekly bullish RSI divergence
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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.
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Price broke to the upside, still awaiting a setup due to cancelling orders over the weekend.
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Price is now retesting Daily EMA resistance, i am still looking long on this pair.
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1hr chart pattern setup.
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Updated analysis as i look to take this pair short towards 1.2550