X5
Long

GBP/USD H1 - Long setups

X5  
FX:GBPUSD   British Pound / U.S. Dollar
53 0 0
Price is trying to start an uptrend.

On W1/D1 charts, the bullish crab pattern is complete and has presented a “pin bar” reversal bar, but no bullish divergence yet.

On H4 chart, the price is trapped in a range, pressuring top channel resistance, and is more kind to decline to near support 1.4200 and even below to 1.4100 (blue lines - SHS             pattern projection). Bear and bull divergences are presents.

Following the higher TF’s, on H1 chart, the range of the price is more clear. A bullish divergence is present and could retest near resistance at 1.4362. Wait for a reversal bar pattern to take a trade, but keep in mind the analysis on H4 chart: the price could go below to 1.4100 support (there could be another chance to enter long).

Related Ideas

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out