rkarara
Long

GBPUSD - LONG - 1 HOUR CHART

FX:GBPUSD   British Pound / U.S. Dollar
PROS
- price at a uptrend trendline

- 1.29500 handle is strong level with it being tested by support and resistance

- price making HH and HL

- 4 hour candle closed with a rejection candle (on a uptrend trendline )

- sma has crossed over (anticipating 5 sma to crossover the 10 sma )

- rsi at oversold level (expecting price to move up)

TARGET
- profit level looking at 1.30600

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