GBPUSD has made a small reverse bull hammer on weekly chart which is a good sign for buyers because it appear on the bottom line of Bollinger bands. But this is a totally bull signal yet.
On daily chart, you could find the smaller broken channel showing a sign of the end of the down trend. A correction could send pounds back to retest the bigger channel. This is possible before something news fundamentally destroy this technically structure. So plan on GBPUSD is also finding 4H SIGNAL TO LONG IT . Less is more!
Hi Vera,
thank you for your sharings, i learn every day thank to you.
For GBPUSD, what example of 4H signal on could you give please ?
it's for example, to learn, not a prediction :).
Many thanks in advance, respect
and Merry Christmass :)
@FUNTRADER-Vera, thank you very much for your reply.
Did i understood correctly, you mean : if next 4H candle is bull, we could see a signal up to the D point ?