What a drop guys. The drop has created a potential bullish bat pattern with RSI just touching the oversold level.
PRZ is at a good support level.
Only looking at TP1 with R:R of about 1.6, GBP news in about an hour's time.
Trade with caution and good luck.
A nice bullish bat pattern has completed with RSI rebounding from the oversold level.
You may choose to long now or wait for some retracement and enter on lower timeframes.
R:R at about 1.1 (TP1) and 2 (TP2). Good luck.
Price has not covered PRZ, so the bearish butterfly pattern has not completed although RSI has hit overbought level.
Let's wait for pattern completion to ensure criteria met.
R:R at 2.4 (TP1) and 4 (TP2). Good luck.
Hey guys, glad to be back analyzing the charts.
I see a potential bullish bat pattern completing maybe next week.
Waiting for RSI to reach oversold level.
May use H4 chart for reference and entry.
R:R at 1.65. Good luck.
Similar to my previous post on GBPJPY, a potential bearish bat pattern is also completing for GBPUSD on H4 chart as well.
Wait for RSI to reach overbought level.
R:R at 1.4 (TP1) and 2.3 (TP2). Good luck.