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aparkon

08-20-2019 GBP/USD possible Long scenarios

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
aparkon  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis cable GBPUSD LONG
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trendanalysis chartpattern waveanalysis cable gbpusd long
Possible uptrend / downtrend scenarios.

I believe the Cable is up-trending.
Point (1) may act as an absolute bottom of the year (Only 70-80 pips higher than the lowest of the Cable)
Point (2) looks like 2 of Elliott wave

Cable is blocked by major supply zone 1.218XX - 1.220XX.
1.215XX area will play an important role to determine if the Cable is trending down or up.
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