GBPUSD is Ready to Go Down(➡️RR=2.58)🏃♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) .
💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect GBPUSD to continue falling at least to the 🎯Target🎯 I have specified on the chart.
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GBPUSD
🔴Position: Short
✅Entry Point: 1.2555 USD (Limit Order)
⛔️Stop Loss: 1.2600 USD
💰Take Profit: 1.2439 USD👉Risk-To-Reward: 2.58
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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GBPUSD
🔴Position: Short
✅Entry Point: 1.2504 USD (Stop Limit Order)
⛔️Stop Loss: 1.2552 USD
💰Take Profit: 1.2439 USD👉Risk-To-Reward: 1.35
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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British Pound/ U.S.Dollar Analyze ( GBPUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
