GBP/USD- 1 Hour analysis

Hello everyone!

-On a 1-hour chart, we can see that the price reached the previous resistance area, and the price made few rejections.

-We can see that the price also formed a bullish hidden divergence and that is a sign that the trend is going to continue.

-We can also see that the price respected the yellow trend line a few times so we may expect this as a buying opportunity.

-The Stochastic indicator is also in an oversold area.

-Before entering a trade please check the currency strength meter and news calendar to be sure what to do!

-WHAT DO YOU THINK ABOUT THIS SETUP?
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THANKS FOR READING!

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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.