GBPUSD-bouncing on trendline + AB=CD retracement

Long

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

This trade is based on previous EW idea:

GBPUSD-EW long term analysis-nice leading diagonal forming

We have some technicals reasons to enter long:

- harmonic AB=CD retracement
- strong trendline support
- bouncing on EMA200
- 0.50 fib retracement
- stochastics oversold
- near pycholevel 1.5500

Best regards

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