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chives152

GBPUSD Trendline, Ichi, and Tom Demark Analysis

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
chives152  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Multiple Time Frame Analysis ichi tdsequential tdcountdown GBPUSD reversal LONG
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trendanalysis indicator mtfa ichi tdsequential tdcountdown gbpusd reversal long
I believe there will be a trend reversal to bullish on GBPUSD.

Factors:
  • TD 13 countdown completed on the daily chart, signaling trend exhaustion.
  • Price is finding support on previous resistance (green) and horizontal trend line.
  • Daily RSI is bottomed
  • Weekly is on a 7 count, so if bear trend continues after the next two weeks reversal or consolidation expected
  • Weekly also found support on kumo cloud.
  • Monthly is about to finish the first bar of pullback after a completed TD sell setup
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