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ThinkingAntsOk

GBP/USD Bullish Potential by ThinkingAntsOk

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
ThinkingAntsOk  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBP USD GBPUSD dollar LONG
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trendanalysis supportandresistance mtfa gbp usd gbpusd dollar long
4H CHART EXPLANATION:

As we explained on the Daily Chart, if the Descending Trendline is broken then price will start a strong bullish movement. However, in the short term, it may make a corrective movement on this zone before breaking the trendline. It will also provide a good trade setup, since the stop loss can be placed safely below the structure.

DAILY CHART ANALYSIS:

snapshot
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