mryoung

Textbook Retest

Long
mryoung Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Sterling retested broken downtrend line one more time and bounced back telling us bulls are in control of the market.

Let's see if we can hit the top of the ascending channel.

TP around 1.4
SL around 1.345
Comment:

On 1H chart, retest even more obvious + bounce from 100 SMA :) Good Luck!
Comment:

50MA on 1H chart looks well respected here. We will be looking for break above and retest to buy more.
Comment:

Waiting for break above Daily R1, once seen we will wait for retest and add one more buy :)
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.