GBPUSD Buy at Dip
Structure: Upward (Higher High: 1.32 > 1.3018)
Moving Average: Uptrend, pay attention to 200 SMA support
Trendline: Short Term Uptrend Line Broken
Pattern: Possible Inverse Head & Shoulder, wait for formation of right Shoulder
Trigger: Wait for Rejection Candle at 200 SMA
Resistance: 1.32, 1.3350
Support: 1.30, 1.2970
Look at how 200 SMA acts as moving resistance for 4 times, wait for 1H rejection signal around 1.2977
Also, Fibo 50% support provide more buying force
Entry: 1.2950 - 1.2970
SL: 1.2730
1st Target: 1.32
2nd Target: 1.3350
Moving Average: Uptrend, pay attention to 200 SMA support
Trendline: Short Term Uptrend Line Broken
Pattern: Possible Inverse Head & Shoulder, wait for formation of right Shoulder
Trigger: Wait for Rejection Candle at 200 SMA
Resistance: 1.32, 1.3350
Support: 1.30, 1.2970
Look at how 200 SMA acts as moving resistance for 4 times, wait for 1H rejection signal around 1.2977
Also, Fibo 50% support provide more buying force
Entry: 1.2950 - 1.2970
SL: 1.2730
1st Target: 1.32
2nd Target: 1.3350
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