GBP sets up a nice long here.
We have an impulse up after the FEDs comments.
4hr has turned green and we have pulled back to the 38.2 fib which is a very bullish region.
RSI has reached the upper region which means GBP is strong and going to get stronger.
Inverse HS formed also, I don't have it drawn out but anyone can see it.
You can wait for the bull hammer close to BUY with stops below the lows (1.26~)
We have an impulse up after the FEDs comments.
4hr has turned green and we have pulled back to the 38.2 fib which is a very bullish region.
RSI has reached the upper region which means GBP is strong and going to get stronger.
Inverse HS formed also, I don't have it drawn out but anyone can see it.
You can wait for the bull hammer close to BUY with stops below the lows (1.26~)
Comment:
Bearish if 1.267 support breaks we create LL for new buying opportunity. Wait for confirmation and always wait for the close of the candle!
4hr shows double top at resistance with wicks to the upside showing increased selling pressure