GBPUSD minor correction followed by Rally (150 pips+)
Confluences:
1: Weekly Engulfing followed by bullish rejection
2: Daily Bullish Engulfing Formation signalling further upside
3: Right shoulder forming of inverse H&S on 2H TF
4: MA acting as dynamic resistance on 2h TimeFrame
5: Expecting a continuation of the main Daily uptrend, the inverse head and shoulder formation on the 2/4H Timeframe indicates a trend transition as no lower high was formed
1: Weekly Engulfing followed by bullish rejection
2: Daily Bullish Engulfing Formation signalling further upside
3: Right shoulder forming of inverse H&S on 2H TF
4: MA acting as dynamic resistance on 2h TimeFrame
5: Expecting a continuation of the main Daily uptrend, the inverse head and shoulder formation on the 2/4H Timeframe indicates a trend transition as no lower high was formed
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.