Pound/Dollar has pulled back towards trend line and level 1.3337

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Paun British / Dolar A.S. (OANDA:GBPUSD)

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OANDA:GBPUSD Paun British / Dolar A.S.

trendanalysis candlestick supportandresistance pat priceaction patadmin har hashamarehman gbpusdpa

Here we are on Pound/Dollar daily chart and we can see price is drifting higher formed new high and now market has pulled back towards trend line and horizontal support level 1.3337, We have clear bullish tailed bar (which is also acting as engulfing bar) false break horizontal support area. We will be getting long on this market as we have good confluence factors putting weight behind this trading scenario such as trend, horizontal level, trend line and dynamic support layer 20/10 ema's came just below it and tailed bar buy signal itself. good trading!

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