GBPUSD Wave 5?
GU on the weekly looks set to be climbing to higher highs from here. However the corrective wave on lower timeframe is not very convincing. It might a complex ABC wave. I will take the trade with a tight stop loss.
Confluence:
H4 divergence
Point of control
Lines up with Elliot wave rule
Points to take note:
Corrective wave is not clear
Confluence:
H4 divergence
Point of control
Lines up with Elliot wave rule
Points to take note:
Corrective wave is not clear
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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.