A flip to the upside of the English currency

Price is generally moving in the uptrend means we should be looking buying opportunities on the H1 frame. Then price formed a upward triangle till it broke the resistance turned support (RTS) . Now price is back to retest the RTS.
Now my major confluences for considering this trade are;
(1) Generally a buy signal is generated when price hits a trend line thrice especially when the third touch is at a 50/68% zone of the fibonacci retracement
(2) Price broke out of a RTS
(3) Price is retesting RTS zone
(4) It's oversold and returning

Let's see what the market has in store for us. Happy trading!

Kommentera:

Well would you look at that, I guess market had other plans for us. Well onto the next