GBPUSD minor correction followed by Rally (150 pips+)
Confluences:
1: Weekly Engulfing followed by bullish rejection
2: Daily Bullish Engulfing Formation signalling further upside
3: Right shoulder forming of inverse H&S on 2H TF
4: MA acting as dynamic resistance on 2h TimeFrame
5: Expecting a continuation of the main Daily uptrend, the inverse head and shoulder formation on the 2/4H Timeframe indicates a trend transition as no lower high was formed
1: Weekly Engulfing followed by bullish rejection
2: Daily Bullish Engulfing Formation signalling further upside
3: Right shoulder forming of inverse H&S on 2H TF
4: MA acting as dynamic resistance on 2h TimeFrame
5: Expecting a continuation of the main Daily uptrend, the inverse head and shoulder formation on the 2/4H Timeframe indicates a trend transition as no lower high was formed