GBPUSD: Bullish Divergence on the 1H Chart
There are multiple divergences on the chart that seemed to have provided valid signals.
A few hours ago there was a bullish divergence at the time when the price touched and bounced off the support-line.
Price went up a few pips and probably is now in a pullback phase, so it might be a good opportunity to enter the trade.
The profit target is at 1.236 - just below the red resistance line.
A few hours ago there was a bullish divergence at the time when the price touched and bounced off the support-line.
Price went up a few pips and probably is now in a pullback phase, so it might be a good opportunity to enter the trade.
The profit target is at 1.236 - just below the red resistance line.
Trade closed: target reached:
Profit-Target was hit as predicted!
Comment:
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