GBPUSD Buy Signal Long

BRITISH POUND / U.S. DOLLARICE

Description

⋅ Jul 6, 2021 1:05 PM

Pattern: Channel Up (Fibonacci) on 1D.

Signal: Buy as the price is printing a short-term Lower Lows sequence which is similar to the bottom formed on September 23, while the RSI is rebounding off a Double Bottom formation.

Target: 1.4200 short-term (the Resistance) and 1.4800 long-term (the 2.0 Fibonacci extension level).

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Comments

Triumph09

⋅ Jul 18, 2021 3:51 AM

Good day, from my side. Please can you tell me how u got the channel with Fibonacci??

Please

gekkongordon

⋅ Jul 25, 2021 10:25 PM

@VitzKoalt, It's the Fib Channel tool (with custom settings)