Pound vs. Dollar - Short Term Swing Trading Idea - 12 April 2022

12 באפר׳ 2022

GBPUSD indicates north move with strong price-action movement. In the next couple of days I believe the strong uptrend will be confirmed.

What is the supported thesis for the expected uptrend on GBPUSD

- 30 pips away from the dynamic resistance trendline
- lower low with fake breakout and coming back in the range
- now bear power and strong indicating for bulls control
- MACD goes into positive territory and once breaks the trendline will be above 0

If you have any questions related to this trading idea I will be happy to provide you with answers.