The price is above the moving average MA 20, which indicates the uptrend.
The average in the MACD histogram came out, although still below the zero line.
Oscillator Force Index crossed the zero level for a second time.
Should price action for the GBPUSD breakout above 1,5273 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position 1,5274
- Take Profit Level: 1,5542
- Stop Loss Level: 1,5196
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position 1,5196
- Take Profit Level: 1,5000
- Stop Loss Level: 1,5250
