GBP:USD (BUY)
BULLISH Bias:
- Bullish Hammer with long tail on Daily chart
- Similar Daily candle in August triggered bullish retracement for 2-weeks to form new Lower High
- From last Lower High, price taking strong support @ 0.236 FIB on Hourly chart, which reflects upward movement towards new Lower High formation
- Looking A1B1, seems like short-term trend is geared towards Bullish side
BUY with:
SL: 1.33831 (below previous Lower Low)
TP1: 1.36220 (below 0.5 on FIB and strong Daily Resistance)
TP2: 1.37379 (below 0.7 on FIB and strong Daily Resistance)
- Bullish Hammer with long tail on Daily chart
- Similar Daily candle in August triggered bullish retracement for 2-weeks to form new Lower High
- From last Lower High, price taking strong support @ 0.236 FIB on Hourly chart, which reflects upward movement towards new Lower High formation
- Looking A1B1, seems like short-term trend is geared towards Bullish side
BUY with:
SL: 1.33831 (below previous Lower Low)
TP1: 1.36220 (below 0.5 on FIB and strong Daily Resistance)
TP2: 1.37379 (below 0.7 on FIB and strong Daily Resistance)
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