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GBPUSD Bullish Continuation ACTIVE

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Paun British / Dolar A.S. (FX_IDC:GBPUSD)  
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FX_IDC:GBPUSD   Paun British / Dolar A.S.
Wave Analysis
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waveanalysis
GBPUSD

In our previous projection (see link below), market was predicted to visit 1.40000 area with a probability to break the level and continue lower.

Instead, price respected the level and bounce back . The Elliott Wave pattern suggests Market has completed 4-waves and has a high probability to continue higher for a 5th Wave.

Elliott Wave bullish move appears to form confluence with market structure which have been developing High Highs and Higher lows (in a channel) since 12th of April.

Trading decision: Potential Buy with price objective at 1.4375 area.

#For Educational Purpose NOT Investment Recommendation.
Dagangan aktif:
Looks good!
Dagangan ditutup secara manual:
The market is still bullish, but I have to close it. I'm impressed!

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Penafian

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