GBPUSD Bulls taking charge again
Price action signals potential bullish continuation with some factors showing confluence;
1) Trendline bounce for the third time
2) Bounce on the 1.28500 retest
3) Bounce on the 61.8% FIB
4) Closure above the 20MA
5) Morning Star Candlestick pattern
6) The breakout of the minor timeframe consolidation zone.
With all these criteriaz met we await the retest of the channel on the 4HR timeframe to be retested to buy and hold till the 1.3300 level
1) Trendline bounce for the third time
2) Bounce on the 1.28500 retest
3) Bounce on the 61.8% FIB
4) Closure above the 20MA
5) Morning Star Candlestick pattern
6) The breakout of the minor timeframe consolidation zone.
With all these criteriaz met we await the retest of the channel on the 4HR timeframe to be retested to buy and hold till the 1.3300 level
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