SarahStacks

Top Down Analysis GBP/USD

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Top-down Analysis respects weekly support, respects a 4-hour trendline, while on the hour Fibonacci retracement visits the .618 area showing a good sign of reversal. On the 15 minute chart we see a bullish candle engulfing a bearish candle leading us to believe that price is headed upwards.
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