MisterTrader

Level To Watch: #GBPUSD BRN 1.5 and double bottom in formation

Long
FX:GBPUSD   British Pound / U.S. Dollar
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4
On a last trade that succeed to catch the previous downtrend :
We identified a Upward trend line and RSI divergence on a major pivot level acting as strong resistance to the price.

This time it's Big Round Number 1.50000 and double bottom in formation acting as support for a LONG with a possible bounce over downtrend tunnel.

Waiting for price action with reversal pattern to trigger a LONG position.

Cheers,
MT

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