Pair: GBPUSD
Technical Studies: Daily Pivot Points, Moving Averages, Bollinger Bands, Relative Strength Index.Daily Pivot Point: Cable opened above pivot point 1.5122.
Moving Averages 5,10&15: SMA5 1.5140, SMA10 1.5047& SMA15 1.5105. There is golden cross on SMA5&10, and new golden cross has developed on SMA5&15.
Bollinger Bands: Bollinger Bands are contracting, lower band is moving upward, while upper and middle are lower.
Relative Strength Index: RSI is at 49, and moving upward
Bullish momentum is developing, but still need to mature.
Trade Plan:
Bulish above:1.5201
Bearish below:1.5077
Contact: newtraders01@gmail.com
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