GBPUSD short
2nd wave (green) is completed which was extended. And rejection from 0.5-0.618 fibo levels. Consequently, we saw stong bearish impulsive waves during second part of last trading week. Expecting price to reach 1.618 fibo level of 1st wave. But we may see 2.618 fibo level too. Because 3rd wave seem to be very strong.
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.