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GBPUSD Setup: Bullish Wave Structure & Fibonacci Buy Zone

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The GBPUSD has stabilised after a significant downward move. A completed bullish wave structure has emerged, with Wave 4 failing to break above Wave 3. This indicates a potential buying opportunity from the Fibonacci buy zone.

On the 15-minute chart, we can consider going long using the MSL pattern (Lower Low, Low of Day, Higher Low & Higher Close) as a confirmation signal.

Entry Point: 1.26303
Stop Loss: 1.2610
Target: 1.2710

Stay disciplined and manage your risk accordingly.

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