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orvilleawright
Oct 27, 2015 12:07 PM

BUY GBPUSD at channel bottom Long

British Pound/U.S. DollarFXCM

Description

BUY GBPUSD at channel bottom
(Analysis Based on 4H and 1H charts)

Criteria
1. Up trend on the 4H chart
2. At channel bottom
3. At daily support level
4. RSI was oversold at channel bottom
5. Slight hidden divergence

NOTE: Wait for price action to confirm the importance of this level.
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