This is the weekly time frame on GBPUSD. I am expecting to see a reversal soon and the start of wave 3 to the upside, shown in blue. A break of the green trend line will be confirmation of this but that is still a long way off so I will start positioning myself for the long now. Start with small lot sizes and work my way into a larger position as the reversal unfolds.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.