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TheSignalyst
May 10, 2022 10:50 AM

GBPUSD - Potential Bullish Reversal! 

FX:GBPUSD30
British Pound/U.S. DollarFXCM

Description

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Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

GBPUSD is sitting around a strong support in blue so we will be looking for buy setups.

on M30: GBPUSD formed an inverse head and shoulders but it is not ready to go yet.

Trigger => Waiting for a momentum candle close above the gray neckline to buy.

Meanwhile, until the buy is activated, GBPUSD would be overall bearish can still trade lower inside the blue support zone .

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Trend AnalysisChart PatternsWave AnalysisGBPUSDbreakout
Comments
YMGroup
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Wow amazing job for gbp.usd, thanks and I think you are right, it will go up
TheSignalyst
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@YMGroup, let's wait for the trigger ;)
yonsfx
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Amazing signalyst
TheSignalyst
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@yonsfx, my pleasure YonS
UnknownUnicorn5823541
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good mindset - "Meanwhile, until the buy is activated, GBPUSD would be overall bearish can still trade lower inside the blue support zone ." Nice post!
jojofang0901
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possible to form inverse H and S :) thx
KlejdiCuni
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I like the potential Head and Shoulder here. Thanks for sharing
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