Get started
talalzebian

Potential Bullish Opportunity on GBPUSD (4Hr)

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
talalzebian Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Double Top or Bottom
2
0
trendanalysis supportandresistance doubletoporbottom
The Cable is in an uptrend an there's a potential opportunity taking advantage of the pullback before it continues its Bullish trend.
The Pullback is currently forming a potential Double Bottom at an area of Daily support.
We also have an RSI being significantly oversold along with an RSI divergence.

Targets are set to previous highs.

Let me know your thoughts.
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.