Bullish Cypher & capture wave 5
Updated
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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