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FX-TradingLions
Mar 21, 2023 1:29 PM

GBPUSD | POTENTIAL BUY SETUP  Long

British Pound/U.S. DollarFXCM

Description

Hey Traders!

📌 Potential BUY setup for: GBPUSD

👨‍💻 Technical: Similar to EURUSD, on a monthly area of sensitivity, all the other timeframes are showing bullish pressure, it could be that a continuation bull move will happen if it pullback towards the 2 moving averages.

🎯 For an ideal entry: Waiting for that pullback would be ideal, entry confirmation off the 4h channel or moving averages and then aim for the top of higher timeframe resistance, should give you a good risk reward.
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