GBP USD ready for bull Long

British Pound/U.S. DollarFXCM

Description

⋅ Mar 15, 2017 9:42 AM

After hitting the daily 1 support, looks like GBPUSD building momentum to go up.
Might turn around after hitting strong resistance at 1.241 (psychological level) or 1.247 and continue finishing the daily 2 & 3 support down under.

4hr chart uptrend. Daily oversold. Weekly Downtrend.

Trade closed: target reached

⋅ Mar 20, 2017 8:18 AM

Might still reach 1.247 and above but there are news coming and it can go either way.

4hr chart is oversold. Pullback may occur, strong uptrend in daily chart.

gbpusdlong

Comments

UnknownUnicorn718827

⋅ Mar 15, 2017 11:14 AM

Good. Very possible.