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GBPUSD Short Term Long Opportunity 4H Chart

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
vikinsa Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Fibonacci Multiple Time Frame Analysis GBPUSD vikinsa
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trendanalysis fibonacci mtfa gbpusd vikinsa
GBPUSD Short Term Long Opportunity

1. Both Monthly and Daily charts are turning bullish
2. On Weekly time frame 200SMA is within reach just above 1.3 level which can attract it
3. On Weekly time frame the Bat Pattern has not been completed yet and is possibly failing due to flag formation. If it fails, we will have ALT bat above 1.3 price level
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Comment:
a second entry chance is possible for a rally upwards. Daily bollinger bands are squeezed so a breakout is imminent:

GBPUSD A Rally Is Possible, Daily Bollinger Bands Are Squeezed
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GBPUSD Turning Bullish, Bat Pattern Fails, Alt Bat Forms
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