M1_GHOST

Bullish trend in upcoming week for GBPUSD

לונג
FX:GBPUSD   לירה שטרלינג / דולר אמריקאי
i believe that the upcoming week is going to be a bullish week for GBPUSD, due to larger institutional trendlines and S/R lines. the overall trend drawn for GBPUSD is bullish; based on Weekly timeframe drawn trendlines, however as there is a lot that can happen in such a large timeframe. the trendline for the daily timeframe drawn in yellow, which has hit the support level. indicating a bullish reversal, with a tweezer top pattern formed at support on the daily timeframe, a bullish engulfing chart pattern formed on the 4HR timeframe and a morning star on the 2HR timeframe. on top of that, there's a railroad pattern formed at resistance on the 1hr Timeframe...etc there are several indications of bearish movement towards my resistance level for the week. I estimate that there will be roughly a 200pip minimum bullish movement; with lots of minor downtrends formed in the major uptrend.
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