GBPUSD : Trace of Elliotte wavs in H1
Updated
here we tried to trace the Elliott waves in the H1 time frame of GBPUD, so as showed we estimate the start of first correction wave. i.e "A" wave. be careful about the next moves. after completion of the "A" wave, you can anticipate the "B" Wave in the opposite direction of it. but as you know there is much possibility in form of an "A" wave. so wait for completion and then buy GBPUSD.
Comment
its a time to buy up to 1.26400Comment
stop-loss 1.25800Comment
its seems the "A" wave is simple wave and also "B" wave is formed as simple. so the the "C" wave is in the PRZ region about 1.25600. i.e the sell is better idea now up to 1.25600Comment
totally the situation is some high risk because after completion of the "C" wave, the trend tend to back in the main direction. i.e back upward.Comment
it seems we were wrong about the A wave. as you can see the B wave now completed and the wave C started. I post the possible target of C wave in the next updated post.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.