Here we see an Elliott Wave count for GBPUSD. The market appears to be in a terminal wave at multiple degrees of trend. Once the minor 5 wave impulse higher completes (we appear to beginning iv now), then the market will be at risk of reversal. There are other wave relationships appearing in the 1.3450 price zone. I don't know if it will get that high, but a reaction is likely to happen there.
For more depth to the analysis, check out the article on DailyFX.com.
Good luck all.
For more depth to the analysis, check out the article on DailyFX.com.
Good luck all.
Nota
Wave iii appears to be nearing an end. GBPUSD may dip towards 1.32 before one last run at 1.3450. This bullish wave sequence is mature...opportunities for shorts coming soon.Nota
After that dip to 1.3150 and subsequent high near 1.37, the evidence points that a meaningful top is in place. Be on the lookout for generalized GBP weakness or USD strength over the coming months.
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Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
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Free assessment + bonus training videos customized to your score:
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.