GBPUSD Bullish Opportunity Forming At The Moment

2
230
GBPUSD Bullish Opportunity Forming At The Moment

Click To Join Our Community Telegram Group

Hi Traders! We have GBPUSD bullish opportunity forming at the moment. A detailed analysis of this buy setup is as follows:

GBPUSD Daily Chart:

On the daily chart the price is moving inside a triangle pattern and it is respecting this pattern so far. Currently the price has reached the bottom of this pattern and also we have a bullish divergence which has completed itself, we may consider this as an evidence of bullish pressure. Until there is no breakout below the bottom of this triangle pattern, we may expect the price to move higher towards the top of this triangle pattern.

GBPUSD Bullish Opportunity Forming At The Moment

Advertisement

 

GBPUSD H4 Chart:

On the H4 chart we have multiple false breaks with bullish divergences which we may consider as evidences of bullish pressure. We may now expect the price to move higher and break above the high shown in the screenshot (marked in red line). Once the price breaks above this high, we may then expect pullbacks to happen with bullish hidden divergence to form, we may then start looking for buys with more bullish evidences.

GBPUSD Bullish Opportunity Forming At The Moment

Invalidation: If the price moves lower, breaks and holds below the invalidation level (marked in green dotted lines), then this buy setup will be invalidated.

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this buy setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.

If you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $197 PER YEAR.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

 

Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

 

Click To Join Our Community Telegram Group

SHARE

2 COMMENTS

  1. Thank you so much, really impressed by your service. Looking forward to get the best out of it.

JOIN THE CONVERSATION - I ALWAYS REPLY (VLADIMIR)

Please enter your comment!
Please enter your name here

We respect your privacy and take protecting it very seriously.