rv

GBPUSD (H4) Long @ 1.61900

Long
rv  
FX:GBPUSD   British Pound / U.S. Dollar
10
GBPUSD (H4) Long @ 1.61900

Potential corrective rally. setup.
IHS potential pattern.
potential 15/7 downtrend_line brake_out, 200 sma. Above 50 , 100.
MACD bullish divergence recorded, Crossover turn on uptrend.

RSI overbought. Possible retest of brake_out , entry 2.
Daily RSI @ 47

Target_1 : 1.62800
Target_2 : 1.64000
Target_3 : 1.65000
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.