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GBPUSD LONG for FX:GBPUSD by alcaedad

Possible upward movement of the pair. Price is currently in the trading zone with significant volume holding a significant stop near the pivotal 55 period EMA in my strategy for trend continuation analysis. I see a pattern known in my strategy as the ABC pattern, which indicates a range close to the EMA , for a possible continuation of the uptrend, in this case, through its wave C. We see the accompanying indicators such as the Squeeze Histogram of Momentum and MACD with bullish directionality accompanied by the loss of strength of the previous move to the upside in robot, indicated by the ADX below the 23 level. We see a possible selling pattern on the MACD lines. In one-hour timeframes we see important rejections close to the 55-period Ema , also being in a trading area with significant volume and possible buy signal patterns. I think it is quite possible to move higher on a break of the previous lows and continue its trend. You will see the development of the pattern and confirmation of the change in trend to bullish .

If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.

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