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JoeChampion
Apr 7, 2023 3:20 PM

GBPUSD Bull Flag Long

British Pound/U.S. DollarFXCM

Description

Hey Traders, in the coming week we are monitoring GBPUSD for a buying opportunity around 1.23700 zone, GBPUSD is forming a bull flag and now seems to be in a correction phase in which it is approaching an important demand zone of 1.23700. Fundamentally USD date continues to print soft and signals more of upcoming dovish monetary policies.
Trade safe, Joe.
Comments
jay_y
Yes very likely LONG on this. Strong support line on Daily timeframe
JoeChampion
@jay_y, Cheers!
TradingShot
Quality analysis and explanation of this scenario. Even if the opposite happens, the idea is well explained and that's all it matters in terms of technical analysis.
basictradingtv
yes, very amazing analysis!
JoeChampion
CryptoCheck-
Very likely bounce there, thanks
JoeChampion
@CryptoCheck-, Sweet mate!
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