British pound - Very close to a reversal

CME:B61!   British Pound Futures
371 7 6
This time I will use the futures contract, in order to see the volume . I have worked with LazyBear over the weekend on a new tool, and I want to thank him for his amazing work!

Looking at the weekly chart, there are strong hints that a reversal is coming. The Force Index , tuned with some Keltner Channels (which took a lot of work) tracks the reversals. The oversold condition, combined with climactic action from the Weis Wave, combined with extreme deviation from value provides reason for going long.

Moving to the daily chart , the picture is simply fantastic. There is a massive bullish divergence on all momentum indicators.
The activity on the Weis Wave is as high as it gets. Very high waves, with lack of progress to the downside. Down Waves are larger than up waves, which signals that there is no reward for all the selling.

Going over the last 4 volume bars on the chart, that is 29.10.2014 - 03.11.2014, the first candle is bearish , with a high range, with volume higher than the previous days. However, the later 3 candles are bullish , and the volume on them is even higher than the strong down day. Is professional money buying or selling?? Probably buying! This is a new technique that I'm learning, so take all this with a pinch of salt. Reading volume is much harder than people believe.
GBP is much weaker than it seems :)
I guess SL is invented for these days.
(I don't carry any GBP positions)
Kardesim, it seems 12 Nov, Carney speech can be the potential reversal point.
Even the pair goes further down, neckline would be a very nice entry point for a GBP long.
What do you think?
I am just waiting for the impulse to turn blue :)
it is simple not enough for the uptrend. MACD divergence also a sign of ending 5 wave, but this time it is on 3th wave and we going to see a small correction in 4th and then back down to 1.57-1.55 range. So, be careful :)
1,56-1,57 seems nice for a long entry.

c0les0 MertErten
Still do not see any sign of the reversal setup... Only strong impulse down.
I see major signs for a reversal, I don't see follow through. That is completely different
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