GBPUSD
Long Setup
Continuation trade: [GBPUSD W5 MAR 2021]
👉🏻 Overall bullish bias on GBPUSD. Recent price movement clearly provides us with a corrective scenario, either a ABC corrective or a more complex WXYXZ which is yet to be completed. If price were to form the final corrective wave of Wave-Z , we could see price to reach 1.35500 area, or even 1.35000. Previous significant highs have also not be broken, hence further movement will be observed.
Long Setup
Continuation trade: [GBPUSD W5 MAR 2021]
👉🏻 Overall bullish bias on GBPUSD. Recent price movement clearly provides us with a corrective scenario, either a ABC corrective or a more complex WXYXZ which is yet to be completed. If price were to form the final corrective wave of Wave-Z , we could see price to reach 1.35500 area, or even 1.35000. Previous significant highs have also not be broken, hence further movement will be observed.
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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.