GBPUSD is showing excellent signs of bullishness, at least according to my trading system.
As you will see in the short video, the 1H chart shows very good buying signs because it has found multiple supports at the fibonacci retracement level of 38.2% and has recently broken out of a trendline resistance.
I'm a day trader, so I dont really care where price goes beyond my target levels, this pattern says we could see strong bulls for some time, maybe because of brexit... but I'll just find myself a new entry once Im out of this buy trade.
thanks for watching and stay tuned for much more!
As you will see in the short video, the 1H chart shows very good buying signs because it has found multiple supports at the fibonacci retracement level of 38.2% and has recently broken out of a trendline resistance.
I'm a day trader, so I dont really care where price goes beyond my target levels, this pattern says we could see strong bulls for some time, maybe because of brexit... but I'll just find myself a new entry once Im out of this buy trade.
thanks for watching and stay tuned for much more!