GBPUSD | SEEMS LIKE A GOOD BUYING OPPORTUNITY
Hey Traders,
GBPUSD seems like a good buying opportunity its trending towards the up-side on multiple timeframes and respecting the moving averages.
GBP tends to pullback after a short burst off power so I expect this trade so have a push exhaustion push cycle before it continues to push towards the upside.
Weekly we have developed a bullish engulfing candle bounce inside the 25-50 moving averages this usually confirms a bullish bias.
GBPUSD seems like a good buying opportunity its trending towards the up-side on multiple timeframes and respecting the moving averages.
GBP tends to pullback after a short burst off power so I expect this trade so have a push exhaustion push cycle before it continues to push towards the upside.
Weekly we have developed a bullish engulfing candle bounce inside the 25-50 moving averages this usually confirms a bullish bias.