GBPUSD reached the 1day MA50. Double netry buy opportunity.
GBPUSD is about to test the 1day MA50, which is intact since August 13th.
The pattern is a Channel Up and even though its bottom is a little lower, the 1day MA50 should technically be a first buy entry on this pattern.
If the price drops more, you can use the bottom of the Channel for a 2nd entry.
A rebound of the 1day RSI on its Support Zone, confirms the buy signal.
Target on both occassions 1.3500.
Previous chart:
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The pattern is a Channel Up and even though its bottom is a little lower, the 1day MA50 should technically be a first buy entry on this pattern.
If the price drops more, you can use the bottom of the Channel for a 2nd entry.
A rebound of the 1day RSI on its Support Zone, confirms the buy signal.
Target on both occassions 1.3500.
Previous chart:
Follow us, like the idea and leave a comment below!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.