GBPUSD Buy Opportunity

FX:GBPUSD   British Pound / U.S. Dollar
The daily chart gives bullish signals. Based on the 4H time frame we can see that the price reached the downtrend line. In spite of RSI confirms the price reversal, MACD histogram and DMI support a further upward movement. We should be ready to see a breakout above the downtrend line. It will give us a new buy opportunity. Entry level is 1.40850 with stop orders at 1.38500 level. Profit targets are 1.43000 and 1.45000 levels. Alternative variant: if the price bounces from the downtrend line and drops below the uptrend line, it will be possible to open short trades with profit targets 1.38000 and 1.36000 support levels.
How to Become a Profitable Trader? My webinar: http://bit.ly/2SLAvTi

2000+ people have used our courses, Crypto & Forex ideas: http://bit.ly/2zTDJPB

My trading robot: http://bit.ly/2SbVRsM

Forex Programming: http://bit.ly/2Dp0hGo
Bounced from the local Swing Low and now we have a Bull Hammer!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out