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Friday, December 18, 2020

GBPUSD buying opportunity analysis

GBPUSD buying opportunity analysis

GBP/USD OANDA:GBPUSD

On the 1HR timeframe, we can see a clear uptrend, shown by the trendlines on the chart. On December 11th, this trend began, after breaking through long just below 1.335.
Look for the trend to continue in a bullish direction, meeting a pullback around 1.355, then meeting the support around 1.35225.
If price stays in the current trend after hitting the key support level mentioned above, look to enter in the green circle, just above 1.355.
If there is no pullback, look to enter once a confirmation candle forms around 1.355.

Thank you for reading. This is my first time creating this kind of analysis. I am working on my technical analysis every day, and hope to become consistently profitable in the Forex market someday.



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