POSSIBLE LONG TRADE SETUP FOR THIS PAIR.

GBPUSD DAILY

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE BOUNCED OFF MM2 BUY PIVOT WHERE BULLS BOUGHT THE DIP WITH A MM4 TARGET IN MIND. STOCHASTICS SUGGESTS THAT THIS PAIR COULD STILL MOVE FURTHER TO THE UPSIDE AS IT IS FACING NORTH.

GBPUSD H4

PRICE HAS OPENED AT WPP WHICH COINCIDES WITH MPP. TECHNICALLY YOU COULD ASSUME THAT MARKET IS BULLISH IF YOU APPLY THE 21 & 55 EMA, SEEING THAT THE 21 IS ABOVE THE 55 AND ACTING AS DYNAMIC SUPPORT. STOCHASTICS IS NOT YET OVERSOLD BUT ITS GETTING THERE.

GBPUSD H1

PRICE HAS PRINTED A HIGHER HIGH AND A HIGHER LOW. I SEE BULLS BUYING THE DIP AT WPP AND PUSHING PRICE ALL THE WAY TO WM4 PROVIDED WE GET FURTHER DOLLAR WEAKNESS.

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