GBPUSD – potential LONG SETUP

British Pound/U.S. Dollar FX:GBPUSD

ReneeH

as per the chart above, there’s a possibility that price might rally to the PRZ

1- bullish divergent on h4 – price made lower low and MACD made higher low
2- price is currently within the daily demand zone ; which is also within the monthly and weekly demand zone (low on the curve)
3- a bullish flag – the break and retest of the upper downward trendline may suggest that price could go up to PRZ

this are just my thoughts base on the strategy that I use.

What are your thoughts?

Blessed trading day all.

Renee H

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