GBPUSD
has completed a bullish shark confluent with a bullish Wolfe Wave setup. The first target has been hit at the 1-4 Wolfe Wave target line. Further bullish movement after initial profit-taking would target the unhit pivot for the month of December and the missed pivot cluster around around 1.522. Confluence in the PRZ:
- Bullish shark pattern completion
- Bullish Wolfe Wave setup
- Unhit December, 2015 pivot
- Missed pivot cluster around 1.522
- Bullish RSI divergence
- Long term trendline support
