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hermocrates

BUY OPPORTUNITY!

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
hermocrates  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
This pair has been consolidating for a while now as we can see from the descending channel set up,price hit a key support level at 1.30503 but showed a clear rejection with a bullish pin bar set up, put in mind that we are infact expecting a bullish breakout from this channel, buyers can take opportunity of this rejection as we expect a retest of former support(1.33009).. preferences are:
ENTRY: CMP
STOP LOSS: 1.29994
TAKE PROFIT:1.32827
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