Kumowizard
Long

GBPUSD - Cable to reverse bullish?

FX:GBPUSD   British Pound/U.S. Dollar
358 2 2
There is really good chance that GBPUSD             is ahead of a trend reversal.

Weekly:
- last weeks HA canlde changed colour with both upper and lower wicks, indicated a possible reversal was ahead. This week's candle seems to confirm, green with no lower wick. haDelta and SMA3 are coming higher and the Oscillator switched to bullish as well.
- Break of bearish trendline is in focus

Daily:
- few days of hesitation seems to be followed by a bullish HA candle today. haDelta bullish cross above SMA3, the cross happens above zero line. Oscillator has been bullish for a while
- Ichimoku setup is not really bearish any more, as Price has been trading above Kijun Sen, there is a weak bullish Tenkan/Kijun cross and Chikou Span is about to make a weak bullish cross above Price candles too.
- For a longer term reversal first the trendline should be broken, then finally Price needs to clear 1,5400. Then we'll see a new bullish trend emerging above the Kumo.

I bought some today and looking to build more size strategic long both on further breakouts and on dips too later.
Kumowizard PRO
2 years ago
Sorry, I have some problems with loading charts today. That's why Weekly is missing Ichimoku cloud. I've been trying to fix and publish this GBPUSD idea for more than 40 minutes, so I decided to post it without Ichimoku rather than to post it later.
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JojoW
2 years ago
Yeap, i'm thinking the same. Looks like crysis recovery from USA has finally came to Europe.
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