GBPUSD broke above Daily trend line ( red trendline ) and it was in pullback for last 9 days and made a bearish descending channel ( blue channel)
today it retested the broken trend line and the bottom of flag channel
it printed a nice bullish candle on 4H time frame with big tail on close on the high
this is a good signal to enter the uptrend
stop will be below the candle ( around 1.2840 ) and targets will be:
1) the flag resistance area
2) last swing high (1.3213)
3) hopefully it breaks above 1.3215 and make new highs for 2019
today it retested the broken trend line and the bottom of flag channel
it printed a nice bullish candle on 4H time frame with big tail on close on the high
this is a good signal to enter the uptrend
stop will be below the candle ( around 1.2840 ) and targets will be:
1) the flag resistance area
2) last swing high (1.3213)
3) hopefully it breaks above 1.3215 and make new highs for 2019