GBPUSD – potential LONG SETUP
British Pound/U.S. Dollar FX:GBPUSD
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.