GBPUSD major bullish reversal

FX:GBPUSD   British Pound/U.S. Dollar
189 2 3
GBPUSD             major reversal to the upside. only enter trade if D1 or W1 has confirmed upside reversal bias.
Key bullish trendline rejected price upwards 3 times.
trade entry dependent on D1 and W1 bullish pin bar close.
Long term trade keep a tight lookout on your GBPUSD             sell trades if you have any :) cause it may reverse.
2 years ago
What about the MA cross??? Looks Sell to me - bottom not there yet but close.
PriceActionTrading Mocean
2 years ago
MA cross at M1 charts are irrelevant, IMO. the 21 and 8 ema that i have drawn are more for D1 and H4. charts such as M1 are less sensitive to 21 and 8 ema. reason is because it is monthly chart and one bar accounts for 1 month and trends in the forex market does not last long and occasionally MA will only cross when the trend has already ended. in this case, bearish stance MAY BE ending however MA has only started to cross. that is because of the 8EMA finally accounting for the previous few bearish bars. we should look at the ema lines making new high to signify expectation of higher highs. thanks.
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