GBPUSD Trendline, Ichi, and Tom Demark Analysis
I believe there will be a trend reversal to bullish on GBPUSD.
Factors:
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