GBPUSD - Morning Star at Support and Stoch buy signal
Seeing bullish signals at the bottom of a nice range with some good upside.
A morning star signal on the D1 chart with a stoch buy signal. Price has broken through the short term trend line resistance and looks like it is holding as support on the 4h and 1h timeframes.
I would prefer a tighter stop loss around 1.29 but with 3 major USD news events later today, a wide stop loss would be advisable.
A morning star signal on the D1 chart with a stoch buy signal. Price has broken through the short term trend line resistance and looks like it is holding as support on the 4h and 1h timeframes.
I would prefer a tighter stop loss around 1.29 but with 3 major USD news events later today, a wide stop loss would be advisable.
Trade closed: stop reached:
Unfortunately brexit news over the weekend has changed GBP sentiment and price gapped down and has been heading lower ever since.