OPPORTUNITY TO BUY GBPUSD OFF THE WEEKLY AND MONTHLY BEARS PROFIT TARGET ZONE AND MOVING UP TOWARDS WPP.
Currently at support on the daily chart and monthly profit zone. Being a dollar bull this is a very short term long and long term short.
On the H4 chart we reached weekly M1 and started to move up. The H1 chart shows what happened and price action in detail
So on the H1 chart after we reached WM1 we started to double bottom and then made a higher high so now with my view on this as short term long and long term short i am waiting for a pullback with a buy limit at 1.26357 and this is support (role reversal). i am expecting other bulls to also enter at this level and take price back to WPP.
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About The Forex Analyst
Graduate in Bcom Human Resources Management. I am a full time Currency Trader and Market Analyst using technical and fundamental analysis, I have been trading in the Forex market since 2016. I am also a part time student at the University of Johannesburg studying Finance and Investment Management. I am always looking to learn and improve my skills as a professional, consistent and successful Trader & Investor for above average returns and a better understanding of the financial industry and financial markets.