PabloSantander
Long

GBPUSD At Key Reversal Point

FX:GBPUSD   British Pound / U.S. Dollar
316 7 8
INDICATORS

1. Inverted Hammer
2. Bullish engulfing - Confirms reversal to the upside
4. Prices bounced off daily trend line (Support) - Bulls are still in control

CHART PATTERNS

A) 1 HR             Chart Displays an ascending triangle inside of
a bullish pennant-like pattern.

OUTLOOK:

After closing higher yesterday engulfing the previous days close, GBPUSD             looks set to push higher with a short term target of the 1.58900 area (key daily & weekly resistance levels) now insight. Expect prices to stagnate between 1.57300 & 1.57200 before a breakout occurs to the upside around target one.

NOTE: If GBP/USD             closes the day above key weekly Fib 61.8% Fib level, expect the bullish trend intact.


TARGETS LEVELS

T2 - 1.58935
T1 - 1.58125

STOP LEVELS

S1 - 1.56733

i'm inclined to see it going down
Reply
GBPUSD trading sideways - on the sidelines until tomorrow.
Reply
Stop Hit Due to Market Gap.
Reply
Hi Pablo,
Your Chart & Explanation is Very Simple to understand for the Beginners to Learn.
I shall Follow you and try to Learn the Art. Thanks a Lot.
Reply
PabloSantander sudersanrao
Hey Sudersanro! It's great to hear you're enjoying the analysis and finding it useful. (Will definitely continue to do more like this) If you ever have questions or need help, feel free to message me. Thanks!
Reply
Which tf chart is this?
Reply
PabloSantander Yahia.Awes
Daily chart
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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