British Pound / U.S. Dollar
Long
Updated

GBPUSD Short Term Long Opportunity 4H Chart

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GBPUSD Short Term Long Opportunity

1. Both Monthly and Daily charts are turning bullish
2. On Weekly time frame 200SMA is within reach just above 1.3 level which can attract it
3. On Weekly time frame the Bat Pattern has not been completed yet and is possibly failing due to flag formation. If it fails, we will have ALT bat above 1.3 price level
Trade active
Note
a second entry chance is possible for a rally upwards. Daily bollinger bands are squeezed so a breakout is imminent:

GBPUSD A Rally Is Possible, Daily Bollinger Bands Are Squeezed

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