GBPUSD due a reversal for going long.
From my analysis on the 4H chart, there is a bearish candle that broke below 100% fib before a small bullish candle formed. Also have the MACD line crossing the signal line and lots of bearish momentum, which usually indicates a reversal is due. Im now expecting a bullish reversal upto 38.20% FIB.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.