GBPUSD H1 LONG PRICE ACTION FORECAST

GBP/USD OANDA:GBPUSD

garciaohk

After a strong rally by the bulls, the pair is finally showing a strong sign for a healthy correction. After spotting a clear bullish divergence with MACD in the H4 domain, zoom in to find an entry point for long setup in the H1 realm with the following features.

The order:
Type: buy-limit
S/L: 54 pips – R:R | 1:2 –
T/P: towards previous strong support now acting as resistance, in confluence with the 200MA at the second support level


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READ  GBP/AUD Long