Hey Guys ,
Here is my analysis on GBPUSD ,
What im seeing here is price has made a big impulsive move to the downside with the support has been broken ,
as you can see a 0-1 and 2-3 is the strong impulsive move from the ElliotWave (currently waiting for another 4-5 impulsive move again ,
but we haven't seen any retest confirmation yet , now what we are waiting for here is ,
a retest to the previous resistance now act as a support and if i drag the fibonacci retracement ,
we are expecting price rejects to around 38.20% area with the help a rejection from the downtrend line if possible ,
a confirmation from broken counter trendline if possible as well ,
just like you know trading is a waiting game , just wait for the best opportunity for us to enter our short position ,\\
let me know what you guys think about my analysis on GBPUSD
Give it a like or comment down below !
Here is my analysis on GBPUSD ,
What im seeing here is price has made a big impulsive move to the downside with the support has been broken ,
as you can see a 0-1 and 2-3 is the strong impulsive move from the ElliotWave (currently waiting for another 4-5 impulsive move again ,
but we haven't seen any retest confirmation yet , now what we are waiting for here is ,
a retest to the previous resistance now act as a support and if i drag the fibonacci retracement ,
we are expecting price rejects to around 38.20% area with the help a rejection from the downtrend line if possible ,
a confirmation from broken counter trendline if possible as well ,
just like you know trading is a waiting game , just wait for the best opportunity for us to enter our short position ,\\
let me know what you guys think about my analysis on GBPUSD
Give it a like or comment down below !
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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.
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.