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UsmanFarouk

GBPUSD is range bound, likely to break upwards

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
UsmanFarouk  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
1
0
trendanalysis harmonicpatterns chartpattern
GBPUSD is presently observered to be range bound on 1H timeframe. However, a slight bullish divergence has been noticed on RSI indicating a likely upward breakout. Betting on the bullish reversal, an entry has been planned on breakout of R2 whereas SL has been placed below S1. TP has been suitably placed on 1:1 RRR.
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