GBPUSD buy intraday and swing trade

13 Mar 2021

We have a inverted head and shoulders forming on the 4hr. On the daily we have a doji and then a bullish engulfing followed by another bullish day on a daily trend line. GU has pushed price all the way up to 1.4 and now it has retraced, if we use a fib it is rn showing rejections to the 0.618 level. On the 1 hour we have a tweezer top, 2 consecutive hammers and a bullish engulfing. My bias for GU is long. My first TP will be 1.4 then 1.45 and then 1.415.