TheSignalyst

GBPUSD - Potential Bullish Reversal!

Lång
FX:GBPUSD   Brittiska pund/Amerikanska dollar
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GBPUSD is sitting around daily support in green so we will be looking for buy setups on lower timeframes.

on M30: GBPUSD is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, GBPUSD would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

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