rkarara

POSSIBLE TRADE FOR UPCOMING WEEK - LONG - GBPUSD - 1 HOUR CHART

Long
FX:GBPUSD   British Pound / U.S. Dollar
SEE PICS BELOW FOR FULL VIEW!

DAILY CHART
- price currently at a daily level of structure 1.27695
- 1.27695 level tested as S/R multiple times looking left
- double bottom formed?

4 HOUR CHART
- price closed above previous lower low
- possible double bottom forming on 4 hour chart
- 1.27695 level held when price tried to break through it

1 HOUR CHART
- price broken previous structure (indicating a move up?)
- 61.8 fib level lines up with current price level (entry point?)
- broken previous lower low

TARGET
- TP 1.30300

Comments

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