Long analysis for GBPUSD
05.03.2018, 07:15

Long analysis for GBPUSD

In the short term 1H time frame, we can see that the price is still in a bear mode. Nevertheless, have in mind that the long-term trend is still up and with the daily bounce on the cloud. This may give us the opportunity to get in long early when the Ichimoku signal "Kumo break out" is in place. To have a Kumo break out valid signal we need all the lines and the price to be out of the Kumo with the Teakan Sen and Kijun Sen in bullish mode (Tekan above Kijun).

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