Charlieab94

GBPUSD Long Trade *BEARISH TREND BROKEN*

Long
FX:GBPUSD   British Pound / U.S. Dollar
Here is my simple trendline break , long trade set up on GBPUSD

The recent 4hr/daily bearish trendline has now clearly been broken and price has tried to form a new high on the 4hr timeframe. Price also broke back above the 1.30 key support/resistance zone.

I am looking to go long on a pullback and bounce off the broken TL and Fib 0.5/ 0.618 retracement levels. Targeting new 4hr highs at 1.316 and 1.325

WARNING: May 2019 NFP data is today so this set up could be one for next week or late this afternoon.
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

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