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starek22

GBPUSD Bullish

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
starek22  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD gbpusdlong gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
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trendanalysis indicator chartpattern gbpusd gbpusdlong gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
GBPUSD still trading above the 200EMA in a beautiful ascending channel since September 2020, bouncing back off the 50 EMA.I would buy the dips at the bottom of the channel or at the touch of the 50EMA with a buying signal such as engulfing candle or a hammer. With stops little below the channel and the 50 EMA. After the 1.4240 from yesterday, next target would be Resistance around 1.4350 (from April 2018), then the next big resistance would be around 1.4750 and 1.50 (from may 2016).
Always keep it simple.
Have a fruitful trading account.
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