I see two likely scenario's for next week where my bullish count for wave 3 is my preferred scenario for the moment.
I will be looking for the bullish break and continuation higher.
If however this turns out to be a triangle I will let price settle after the first bearish impulse and sell the continuation. A triangle almost always occurs prior to the final move so that would help us to buy GBPUSD after wave 5.
updates will follow
I will be looking for the bullish break and continuation higher.
If however this turns out to be a triangle I will let price settle after the first bearish impulse and sell the continuation. A triangle almost always occurs prior to the final move so that would help us to buy GBPUSD after wave 5.
updates will follow
Note
GBPUSD seems in a more sideways correction by means of a triangle structure for wave 4.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.