GBPUSD - Bullish Trend

3 בספט׳ 2023

The pair have started a decent bullish rally after a bearish divergence. The recent retracement has extended too long. But, the bullish trend confirmation is due to no bearish divergence in the rally so far. The retracement can be treated by AB=CD harmonics, at the Potential Reversal zone (D) we observed a bullish divergence. This bullish divergence in retracement at PRZ further confirms the bullish trend continuation in the big picture. Let's hope the trade goes as per the trade plan!