possible long postion on GBPUSD

The market is currently at a majour support level backed up by the fibonnaci retracement of 61.8 percent.this can be backed up by the loss of momentum and aslo we see formation of small bodied candles that prove the market has lost its momentum of going to the downside and we now await a strong bullish candle to signal a potential entry for a long position with the previous high as the next potential take profit. if you look to the left side of the chart , that same level has been tested 4 times and acted as resistance untill market broke through it and then retraced again. one last onfirmation is that the 50,100and200 ema are both heading up. lastly we aslo use the elliot wave analysis and the current market is at the 4th elliot wave retracement wave we now await to ride the trend on the 5th wave