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Market_ATM
Jan 15, 2020 4:45 PM

GBPUSD Buying Opportunity Long

GBP/USDOANDA

Description

Structure: Upward
Moving Average: Uptrend, testing 50 SMA Support
Trendline: Uptrend Line Support
Pattern: Triangle Consolidation
Trigger: WAITING FOR A BULLISH CANDLE CLOSE ON 4H or 1D
Support: 1.2950, 1.2790
Resistance: 1.3350, 1.35

Clear Uptrend for GBPUSD in Daily TF
1.30 is a very important support zone
Wait for bull show its strength
If we can have a bullish sign candle closed in 4H or 1D, go long at 1.30
SL: 1.2780
1st Target: 1.3350
2nd Target: 1.3500

Will keep an eye and update for this idea.
Comments
Market_ATM
Still within a triangle consolidation, but price shows strength around this area, possible to open some long position tmr.
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