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Long GBPUSD: Bullish Shark + Bullish Wolfe Wave to Missed Pivots

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
glennmercer  
FX:GBPUSD   British Pound / U.S. Dollar
Shark Bullish Wolfe Wave Bullish Shark Wolfe Wave ww confluence targetline Pivot Points unhitpivot glennmercer GBPUSD cable
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sharkpattern bullishwolfewave bullishshark wolfewaves ww confluence targetline pivotpoints unhitpivot glennmercer gbpusd cable
GBPUSD has completed a bullish shark confluent with a bullish Wolfe Wave setup. The first target has been hit at the 1-4 Wolfe Wave target line. Further bullish movement after initial profit-taking would target the unhit pivot for the month of December and the missed pivot cluster around around 1.522.

Confluence in the PRZ:
  • Bullish shark pattern completion
  • Bullish Wolfe Wave setup
  • Unhit December, 2015 pivot
  • Missed pivot cluster around 1.522
  • Bullish RSI divergence
  • Long term trendline support

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