Hello, GBPUSD seems to form a Expanding triangle, i think it is a rising wave 4, so wave 5 is my goal, and there is also a bullish Cypher, we can according this form to setup Entry level and stop-loss, TP1 is DE*0.382, TP2 is DE*0.618, near the downward trend line is TP3(Bearish Gartley area).
If not, then we may be in a downward trend, DE is the wave 1, what we call a 5 wave is wave 2, wave 2 continued to fall after arriving in 0.382 0.618 to Bullish Gartley area.
If not, then we may be in a downward trend, DE is the wave 1, what we call a 5 wave is wave 2, wave 2 continued to fall after arriving in 0.382 0.618 to Bullish Gartley area.
Note
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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.