Strong buying pressure confirmed

FX_IDC:GBPUSD   British Pound / U.S. Dollar
I'd rather buy from this level. The reason for this is obvious to me. Price closed above bearish trendline both on the Daily chart and on the Weekly chart. Price action retested the moving avarege and the bearish trendline as well.

Follow this chart to see the updates or follow my page to see my analysis on other pairs.
Mar 19
Comment: I've mistaken with confirmation on a Weekly chart, so we should wait for this or next week to confirm this setup. My advice is to close this trade now, it's already in good profit.
Mar 19
Trade closed manually: Profit!

Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out