On the daily, we noticed the price was rejected on the 50% fibs level, meaning that price needs to reach at least the -27.2% level as a target. On the 1H time frame, there is an Ignored Accumulation, RBR. SO the best thing to do is to wait for a FB (First time back on the decision point created when price broke the previous sell ZOne. Importantly if there is a creation of Price approaching then, the long setup will be validated.

This is not a financial advice.. And most importantly, make sure to use good money and risk management.
Beyond Technical AnalysisChart PatternsGBPCADgbpcadlongLONGlongsetupTrend Analysis

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