OANDA:GBPUSD   British Pound / U.S. Dollar
D1 - Price broke above the first key resistance zone formed by the 61.8% (1.28281) fibonacci expansion level of the big wave and the 100% (1.29986) fibonacci expansion level of the small wave and is holding above it.

Price still has room higher towards the next key resistance zone formed by the 100% (1.32888) fibonacci expansion level of the big wave and the 161.8% (1.34490) fibonacci expansion level of the small wave.

There are no evidences that show the current trend is over yet.

H1 - Double wave down with bullish divergence .

Price has broken above the most recent downtrend line.

Expecting further continuation higher.

Comments

Good work
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@yusuf, thanks Yusuf
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looks good to me. thank you for sharing with us!
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VladimirRibakov ProjectSyndicate
@ProjectSyndicate, you are welcome buddy :)
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