chrisohsnap

GBPUSD Analysis

Long
chrisohsnap Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Nice symmetrical triangle forming indicating a bullish move soon. Once 5 EMA (blue line) goes above 10 EMA (brown line) and the 4HR resistance line is hit (purple line) it will be a clear indication of a bullish signal heading towards upper trend line.
Comment:
5 EMA never went above the 10 EMA and the 4HR resistance was never broken therefore cancelled my buy order stop. I believe this is due to the Thanksgiving week it is now retesting for a new LL
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.