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Ramin_N
Feb 7, 2019 6:04 PM

GBPUSD bullish flag Long

British Pound/U.S. DollarFXCM

Description

GBPUSD broke above Daily trend line ( red trendline ) and it was in pullback for last 9 days and made a bearish descending channel ( blue channel)
today it retested the broken trend line and the bottom of flag channel
it printed a nice bullish candle on 4H time frame with big tail on close on the high
this is a good signal to enter the uptrend
stop will be below the candle ( around 1.2840 ) and targets will be:
1) the flag resistance area
2) last swing high (1.3213)
3) hopefully it breaks above 1.3215 and make new highs for 2019
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