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British Pound / U.S. Dollar
Long

GBPUSD : Elliott Wave analysis on 1 hour chart

By Trade-Technique
Updated
GBPUSD chart analysis using Elliott wave.
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Price haven't exceed 1.4123 and we got downward move. it can go up to 1.4013
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snapshot
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Comment: why correction happened ?
please check my related idea. where I described that formation Bellow 1.4073 is corrective.
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BOOM!
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I knew it ! closing above 1.4123 is sounds like heaven. imagine how important this level is ! and how profitable it will be after breakout! that's why I love to trade GBPUSD.
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snapshot
1.4123 again declining. we got good profit in selling.
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it can reverse from 1.3950 if it's falling a bit
Chart PatternscorrectioncorrectiveElliott WaveFLATGBPUSDimpulsiveTechnical AnalysistradeTrend AnalysisWave AnalysisZigzag
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