GBPUSD Bottom of structure, watch for bullish reversal
Updated
Hello traders:
Lets take a detail look into GBPUSD's current price action.
We can see after the strong higher time frame impulse move, price develops into a larger, deeper consolidations.
Within the larger correction, a descending channel structure was also formed.
Good confluence here for a possible bullish reversals.
Now that price is at the bottom of the descending channel as well as HTF structure,
would be nice to look for a lower time frame bullish reversal price action.
Either inverse H and S, double bottoms, falling wedge or smaller descending structures are valid as a confirmation for the buy move to the top of the structure.
Thank you
Comment
If price consolidate here and form bearish continuation then it voids the buy setup
or
if price impulse down and follow by correction also void the buy
Wait for confirmation before entering is key
Comment
Out for BE, will see how price develop this week, 
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