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RizeSenpai

Weekly MACD Bullish Divergence: Bullish ABCD PCZ Hit.

Long
U.S. Dollar / Pound Sterling (FX_IDC:USDGBP)  
RizeSenpai Updated   
FX_IDC:USDGBP   U.S. Dollar / Pound Sterling
Chart Patterns Wave Analysis Technical Indicators Bullish AB=CD Bullish Divergence
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chartpattern waveanalysis indicator bullishabcd bullishdivergence
GBPUSD has formed a broadening top on the weekly and has shown weekly bullish divergence at the bottom of the formation along with that it lines up with the 2.618 which would be the PCZ of a potential Bullish ABCD pattern The target for this setup will be at our horizontal resistance but i could see it possibly going higher to test the upper trendline.
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