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MountOlympusFx

GBPUSD BUY: Weekly, Daily & 4hr Multiple Timeframe Analysis

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
MountOlympusFx Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD Forex
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trendanalysis harmonicpatterns chartpattern gbpusd forex
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GBPUSD LONG THESIS
GBPUSD Weekly:
• Price gapped above the descending trendline already showing a lot of bullish strength entering the markets.
• Although pair is in a bearish trend, because price gapped up moving averages are about to cross bullish signalling bullish momentum.

GBPUSD Daily:
• Daily popped up above 1.1300 critical zone to take out and create new highs.
• Price is now expected to reach 1.3170 which is the next intended target.
• Moving averages are still bullish.

GBPUSD 4hr:
• After break of 1.3000 critical GU made new highs. Now waiting for a pullback to zone and retest before going long to 1.3170 to create a new bullish leg north.
Trade active:
From 1.30180 support
Trade closed manually:
-10PIPS
Trade closed: target reached
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