TradingShot

GBPUSD Long-term buy signal

Long
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Pattern: Channel Up on 1D.

Signal: Buy as the price found support within the base zone created by the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). Appears to be repeating the September-October 2020 Bottom sequence. RSI similar.

Target: 1.4250 short-term (current 1D Resistance) and 1.4700 long-term (just below the 2.0 Fibonacci extension.



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