lb-counts

GBPUSD Retest of down trend and weekly 200 EMA LONG

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FX:GBPUSD   Brittiska pund/Amerikanska dollar
The price is testing weekly EMA 200 and it matches the highly resistance zone as shaded in light red, with bullish divergency noticed on 4h interval and the fact it's a retest of the broken long term down trend I am looking at profits around the Fib levels at 1.59307 as shown in yellow, this might take days or even weeks but it's a great moment to enter this trade and protect your capital with a close s/l to the safe levels which in this moment would be below the shaded zone once the price action is confirmed.

This is just and idea not a trading advise
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