AndreM.Moldegard-Eriksen
Long

GBPUSD, potential long at triple bottom

FX:GBPUSD   British Pound/U.S. Dollar
Order is showed on chart. Plan is to catch the price when it falls down, which it probably will do soon due to being oversold (See RSI ), as well as the price is currently trading between fibonacci 61.8 and 76.4.

The pair has formed a double bottom twice at the support zone , and if you have a look at RSI , then you can see that it has been oversold both times, and it has came from a oversold position (Which we currently find us self in). If the price is rejected here, then we would see a triple bottom. Keep in mind that this support has held since 2002             .

Order is as following:

Entry: 1.407
Target: 1.43 (right below fibonacci 61.8
SL 1.403
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out