DLavrov
Long

Bullish Divergence - False or True?

FX:GBPUSD   Pound Sterling/U.S. Dollar
82 0 8
It's not the perfect bullish divergence which could be. But price has not moved below 1.2790 for several days. May be it's time to think about long trades? What do we have for this? On daily chart MACD and RSI confirm long trades. We can try to open trades with close profit targets on hourly charts. As for 4H we have bullish divergence on MACD and RSI . I'm not sure in this signal, but if price does not move lower, it will go up and we have to be ready open long trades. Possible entry level is above 1.3020, stop order should be placed below 1.2780 and profit target is Moving Average with period 100.
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