Level To Watch: #GBPUSD BRN 1.5 and double bottom in formation
On a last trade that succeed to catch the previous downtrend :
tradingview.com/v/6l32H7a5/
We identified a Upward trend line and RSI divergence on a major pivot level acting as strong resistance to the price.
This time it's Big Round Number 1.50000 and double bottom in formation acting as support for a LONG with a possible bounce over downtrend tunnel.
Waiting for price action with reversal pattern to trigger a LONG position.
Cheers,
MT
tradingview.com/v/6l32H7a5/
We identified a Upward trend line and RSI divergence on a major pivot level acting as strong resistance to the price.
This time it's Big Round Number 1.50000 and double bottom in formation acting as support for a LONG with a possible bounce over downtrend tunnel.
Waiting for price action with reversal pattern to trigger a LONG position.
Cheers,
MT
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