GBP/USD - Possible direction: NORTH
Reasons to buy GBP:
1. We have a breakout and test of D1 trendline!
2. The same level metches with horizontal support line, built on candles from 27 and 28.08.2019.
3. The horizontal support line metches with 50% Fibo.
4. On a Daily chart we see 2 pin bars, from 01 and 02.10.2019.
To be sure, we have to wait until the price breakout H4 resistance line and test it.
But always keep on mind: Do not mess with the cable! :)
1. We have a breakout and test of D1 trendline!
2. The same level metches with horizontal support line, built on candles from 27 and 28.08.2019.
3. The horizontal support line metches with 50% Fibo.
4. On a Daily chart we see 2 pin bars, from 01 and 02.10.2019.
To be sure, we have to wait until the price breakout H4 resistance line and test it.
But always keep on mind: Do not mess with the cable! :)
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade