GBPUSD (H4) Long @ 1.61900
Potential corrective rally. setup.
IHS potential pattern.
potential 15/7 downtrend_line brake_out, 200 sma. Above 50 , 100.
MACD bullish divergence recorded, Crossover turn on uptrend.
RSI overbought. Possible retest of brake_out , entry 2.
Daily RSI @ 47
Target_1 : 1.62800
Target_2 : 1.64000
Target_3 : 1.65000
Potential corrective rally. setup.
IHS potential pattern.
potential 15/7 downtrend_line brake_out, 200 sma. Above 50 , 100.
MACD bullish divergence recorded, Crossover turn on uptrend.
RSI overbought. Possible retest of brake_out , entry 2.
Daily RSI @ 47
Target_1 : 1.62800
Target_2 : 1.64000
Target_3 : 1.65000