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detconan
Jan 7, 2023 4:03 AM

GBPUSD Daily Analysis 07 Jan 23 Long

British Pound/U.S. DollarFXCM

Description

I'm using 4 stages market for my main analyse to see the bigger picture trend
Then Im using pattern ,price action etc as a support for entry.

As you see previously there was huge downtrend on GBPUSD,I named level 4 as downtrend
After that there was sideway till it made inverted head and shoulder pattern. I named level 1 as sideway
Beginning of the uptrend was Breaking the green line.After that I began to find entry BUY
My target is the Yellow Line based on Inverted head and shoulder.


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