BUY GBPUSD 1.3946
SL: 1.3916
TP1: 1.3966
TP2: 1.3986
TP3: 1.4006
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
BUY GBPUSD 1.3946
Timeframe: H1
Step 1 - Previous News: GBP: -, USD: FOMC held interest rate unchanged, QE maintaining $120 billion/month
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 into over bought
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, USD: -
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