Chart made a double bottom pattern i am waiting for impulse move of new uptrend after corrective move
We missed the trendline last gbpusd trade but this time i am excepting short position untill support.
This chart one of my favorite positions of last week. It reached TP and came again entry point so it means it is sell signal again
Waiting for falling move from daily channel line, and it maked four waves of wolfe pattern it can be 5th wave selling until H4 trendline.
There is a double bottom in H1 timezone but firstly its daily trend line. I am expecting impulse move on major timezone(D1) and start of up trend on minor timezone(H1) with a reversel pattern that is double bottom.
I am expecting down move because of that Japanese Yen will gain this week by the way chart made one more corrective move after small impulse move i am waiting short wave of corrective move's until trendline. If it breakout corrective move I will publish one more short position
Support becomes resistance it will continue down trend untill daily support. I am expecting profit to hourly support.