GBPUSD Will Go Higher! Long!

6. Aug.

Here is our detailed technical review for GBPUSD.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is on a crucial zone of demand 1.273.

The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.280 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Like and subscribe and comment my ideas if you enjoy them!

19. Aug.

Anmerkung

That was an excellent trade and the target was reached too!