GBPUSD is completing Elliott impulse wave (12345) and soon (ABC)
as we can see we expect that when wave get completed open sell position or take profit on long trade
we believe that end of this Elliott impulse wave was1.3950 and now Elliott correction wave started
then we can expect some falling all the way to 1.3750 that is important support taken from trendline and channel
there is one more scenario shown on chart with blue path and is not perfectly visible that would happen with emotional market and is bearish too
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
we believe that end of this Elliott impulse wave was1.3950 and now Elliott correction wave started
then we can expect some falling all the way to 1.3750 that is important support taken from trendline and channel
there is one more scenario shown on chart with blue path and is not perfectly visible that would happen with emotional market and is bearish too
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
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