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GBPUSD long-term buy
Hello, traders.
This is a higher timeframe market analysis. The market respected the Daily Order block at point 1.35800 and rejected it to the upside. The market then dropped to test the first leg impulse at point 1.36000, and creating a strong double bottom. From a technical analysis, the market has created an advanced inverse head and shoulder pattern. The market is currently testing the right shoulder, with 2 more tests at support point 1.37450 the market can with high probability go to the upside.
Please feel free to like, share, comment and your feedback will be highly appreciated.
This is a higher timeframe market analysis. The market respected the Daily Order block at point 1.35800 and rejected it to the upside. The market then dropped to test the first leg impulse at point 1.36000, and creating a strong double bottom. From a technical analysis, the market has created an advanced inverse head and shoulder pattern. The market is currently testing the right shoulder, with 2 more tests at support point 1.37450 the market can with high probability go to the upside.
Please feel free to like, share, comment and your feedback will be highly appreciated.
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