LONG GBPUSD retest of long term trend-line with divergence.
possible move reversal to the upside at break of the trend-line.
Price action bounce of the Kijun-sen, further downward continuation is expected.
A bounce of Senkou Span A may result in further down move.
Long opportunity. SL: 2.5* ATR TP: 1.5 * ATR ( This is initial TP and will change depending on market conditions)
A bounce of the 60 ma and a break in the trendline my indicate further downside. SL: 2.5 * ATR TP: 3.75 * ATR ( This is initial TP target and will change depending on market conditions)
A break in long term trendline may lead to further downside. SL: 55 pips (2.5 * ATR) TP: 110 pips ( this is the initial TP and will be moved depending on market conditions)