GBPUSD a long opportunity (03/05/2019) 13:07

GBPUSD a long opportunity (03/05/2019) 13:07

On May 3, 2019, Posted by , In Uncategorized, By , , With No Comments

GBPUSD.DMADaily-0.png GBPUSD.DMAH4_-1.png

Buy GBPUSD at price 1.2997 with a stop loss placed at 1.2869 with a TP at price 1.3377>>>The market dropped towards the fib zone. We have seen a bullish reaction from there with a morning star pattern as a sign of rejection in the D1 timeframe. We are now trading the retracement of the move yet to happen according to our D1 analysis. On the H4 chart, the market has broken above the descending trendline and is now retracing towards that level. This also tends to coincide with the Fib zone drawn on H4…..Making this an area of confluence>

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