GBP/USD Long if support carries weight

May 3, 2020

We are now at critical fib levels for the 2nd wave, a 3rd uptrend wave is possible, things to lookout for are support levels. If it breaks the support then the 3rd wave will be a null and we can expect it to just be a corrective wave instead. MACD is showing signs of turning around indicate a possible swing up, RSI however suggests a possible downtrend for a short moment. If RSI happens to swing up again then all will be in favor of a long. Always trade with proper risk management and good entries/exits.