GBPUSD - LONG - 1 HOUR CHART Long
British Pound/U.S. DollarFXCM
Description
⋅ PROS
- price at a uptrend trendline
- 1.29500 handle is strong level with it being tested by support and resistance
- price making HH and HL
- 4 hour candle closed with a rejection candle (on a uptrend trendline)
- sma has crossed over (anticipating 5 sma to crossover the 10 sma)
- rsi at oversold level (expecting price to move up)
TARGET
- profit level looking at 1.30600