gelena3000

GBPUSD minor correction followed by Rally (150 pips+)

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Confluences:

1: Weekly Engulfing followed by bullish rejection
2: Daily Bullish Engulfing Formation signalling further upside
3: Right shoulder forming of inverse H&S on 2H TF
4: MA acting as dynamic resistance on 2h TimeFrame
5: Expecting a continuation of the main Daily uptrend, the inverse head and shoulder formation on the 2/4H Timeframe indicates a trend transition as no lower high was formed

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