GBPUSD, POUND STERLING ready to resume BULLISH MOVE

Reasons to buy :

1. A breakout of the bearish trendline and a retest with a bullish hammer candlestick confirmation
2. A completion of double zigzag Elliot wave correction
3. A complete impulse wave followed by a correction

Expecting to buy the wave 3 , which will be the strongest move .

Alternative scenario:
Any fall below the Low of wave 1 renders this analysis invalid

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Chart PatternsGBPUSDgbpusdanalysisgbpusd_forecastgbpusdlonggbpusdsetupgbpusdsignalpoundsterlingTrend AnalysisWave Analysis

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