British Pound/USD 4h (31.08.2014) Technical Analysis Training
GBPUSD 4H Diagram Technical Analysis shows the following:
The GBPUSD has made a bottom reversal pattern last week metting the resistance of KUMO. The daily diagram has turn bullish (MACD gave bullish sign under the zero line daily).
MACD is forcing bullish on 4h diagram.
We have almost a hammer last 4h on Friday. The pair is under the KUMO, but is above the Kijun Sen (blue line) and under the Tenkan Sen (green line) .
There is no special pattern. The fib from 1.71635 to 1.70416 shows a 4.236 level of next target @ 1.66471.
Long for it. Stop loss under the support line of the asceding triangle.
The GBPUSD has made a bottom reversal pattern last week metting the resistance of KUMO. The daily diagram has turn bullish (MACD gave bullish sign under the zero line daily).
MACD is forcing bullish on 4h diagram.
We have almost a hammer last 4h on Friday. The pair is under the KUMO, but is above the Kijun Sen (blue line) and under the Tenkan Sen (green line) .
There is no special pattern. The fib from 1.71635 to 1.70416 shows a 4.236 level of next target @ 1.66471.
Long for it. Stop loss under the support line of the asceding triangle.
