GBPUSD, POUND STERLING ready to resume BULLISH MOVE
Reasons to buy :
1. A breakout of the bearish trendline and a retest with a bullish hammer candlestick confirmation
2. A completion of double zigzag Elliot wave correction
3. A complete impulse wave followed by a correction
Expecting to buy the wave 3 , which will be the strongest move .
Alternative scenario:
Any fall below the Low of wave 1 renders this analysis invalid
Write in the comments all your questions and instruments analysis of which you want .
Kindly push the like button if you think the idea is useful - that would be the best THANK YOU.
Thank you.
1. A breakout of the bearish trendline and a retest with a bullish hammer candlestick confirmation
2. A completion of double zigzag Elliot wave correction
3. A complete impulse wave followed by a correction
Expecting to buy the wave 3 , which will be the strongest move .
Alternative scenario:
Any fall below the Low of wave 1 renders this analysis invalid
Write in the comments all your questions and instruments analysis of which you want .
Kindly push the like button if you think the idea is useful - that would be the best THANK YOU.
Thank you.
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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.
Disclaimer
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.