GBPUSD Trendline, Ichi, and Tom Demark Analysis

30 thg 5, 2018

I believe there will be a trend reversal to bullish on GBPUSD.

Factors:

• TD 13 countdown completed on the daily chart, signaling trend exhaustion.
  
• Price is finding support on previous resistance (green) and horizontal trend line.
  
• Daily RSI is bottomed
  
• Weekly is on a 7 count, so if bear trend continues after the next two weeks reversal or consolidation expected
  
• Weekly also found support on kumo cloud.
  
• Monthly is about to finish the first bar of pullback after a completed TD sell setup