- April 16, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Up on 1D.
Signal: Buy as the price found support within the base zone created by the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). Appears to be repeating the September-October 2020 Bottom sequence. RSI similar.
Target: 1.4250 short-term (current 1D Resistance) and 1.4700 long-term (just below the 2.0 Fibonacci extension.
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Tradingview link:
https://www.tradingview.com/chart/GBPUSD/JwRi9CQQ-GBPUSD-Long-term-buy-signal