GBPUSD has two cycles playing under the hood here, a major cycle which lasted for more than 54 trading hour and it had just bottomed out today, and a minor cycle which was expected to continue for a while a minor "downtrend" causing the "w" shape in the overall trend, but early in this morning we got a very optimistic news about the Brexit process which ended up this cycle early as we all saw in the 1H rally candle!
Currently, the two cycles just bottomed out causing a very strong and Important support area, and I'm expecting a bullish phase in the market the upcoming days, AS LONG AS THE MARKET DOESN'T BREAK BELOW THE LAST BOTTOM OF THE BOTTOMED CYCLE, THIS SCENARIO IS VALID.
Follow this idea since we will update it regularly.
Good luck,
Currently, the two cycles just bottomed out causing a very strong and Important support area, and I'm expecting a bullish phase in the market the upcoming days, AS LONG AS THE MARKET DOESN'T BREAK BELOW THE LAST BOTTOM OF THE BOTTOMED CYCLE, THIS SCENARIO IS VALID.
Follow this idea since we will update it regularly.
Good luck,
Comment:
