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VladimirRibakov

GBPUSD Buy Idea

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
VladimirRibakov Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD buy Trend Lines criticalzone Bullish Divergence Bullish Patterns
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trendanalysis gbpusd buy trendline criticalzone bullishdivergence bullish
H4 - Price has reached the critical zone.

Expecting a bounce up as long as the trend line is holding.

H1 - Bullish divergence.

Invalidation: If the price breaks and holds below the uptrend line then this buy setup will be invalidated (false breaks can be neglected).
Comment:
*H1 - Potential bullish divergence
Comment:
H1 - If the price moves higher and breaks above the high at 1.30221, we may then expect pullbacks and then continuation up.

We may then look for evidences of bullish pressure and then start looking for buys.
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