GBP/USD probable double bottom set-up in the daily chart
Dear traders, we have the probable formation of a double bottom
pattern in the daily chart. In addition, we also have a bullish reversal
candlestick in the daily timeframe.
A combination of these two factors gives us a reversal bias in GBP/USD.
A potential long entry in GBPUSD@1.2080-1.2110 with SL below 1.20
and TP at 1.2350 is on my mind.
pattern in the daily chart. In addition, we also have a bullish reversal
candlestick in the daily timeframe.
A combination of these two factors gives us a reversal bias in GBP/USD.
A potential long entry in GBPUSD@1.2080-1.2110 with SL below 1.20
and TP at 1.2350 is on my mind.
Kommentera:
As expected, price drops to my preferred buy zone where I executed a buy trade@ 1.2105
Kommentera:
Looking good so far, daily candle turns green