GBPUSD Is It Time To Look For Buys ?

7 Jun 2022

Hello everyone:

Also on my watch for remaining of the week is GBPUSD.

From previous bearish setups, price implosively push down aggressively,

After hitting a higher time frame swing lows, there signs of bearish momentum slowing down.

A potential double bottoms on the higher time frame, with a falling wedge bulllish reversal, that leads to a LTF impulse phase.

These are all good indication of the bullish price action in the making.

Lastly we see a possible bullish continuation correction formed, possible inverse H and S pattern.

Wait for price to impulse out, and smaller continuation corrections to confirm and validate the buy potential.

Thank you