Talking Points:
- GBPUSD Technical Strategy: Bullish
- Elliottwave Count: Possibly we are in next bullish wave for Wave C in weekly time frame.
We are expecting a weekly trend might reverse at this juncture. we seen reaction on red dotted line, we initiated position after seen first sign of reversal position and holding long. We also had deep retracement on first leg up and that too had support on dotted red line. we expect this might be wave 2 in small time frame of wave 1 in daily time frame. To get more confirmation, we need to breakout the 1.5150.
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