GBPUSD – LONG – 1 HOUR CHART
British Pound/U.S. Dollar FX:GBPUSD
PROS
– price at a uptrend trendline
– 1.29500 handle is strong level with it being tested by support and resistance
– price making HH and HL
– 4 hour candle closed with a rejection candle (on a uptrend trendline )
– sma has crossed over (anticipating 5 sma to crossover the 10 sma )
– rsi at oversold level (expecting price to move up)
TARGET
– profit level looking at 1.30600
