Wave-Trader

GBPUSD is setting up for the bullish wave

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Hi everyone,

GBPUSD is setting up for the reversal.

Watch current price for sharp rise and look for buy.

If price test the bottom and forms new low again then look for buy at bottom after having first impulse.

Previous trend is still bearish we are looking for reversal, In case after breaking up the descending trend reversal channel turns into trend continuation formation then we will look for bearish continuation. I will try my best to update the GBPUSD chart then. So far we are looking for break up and reversal for up side.

Good Luck.

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