keep going till the crap is finished forming and the SHS line is broken. then wait for the long bullish signal
*And don't forget the head and shoulders formation on daily !
corrective elliot waves, and at the same time weakness of eur + strength of gbp
elliot waves on AUDUSD plus general weakness in aussie
no need for explanations, very obvious head and shoulders on an already weak Pound, too much selling momentum will be put when it breaks the support
Elliot waves on gbpjpy next target is around 163.00
- As you can see there is Elliot waves pattern at the previous break of the bullish flag, and right now the fifth wave is starting
short nzusd till it reach support level on daily frame of 0.64500
head and shoulders on GBPUSD weekly
once it crosees the 0.6604 support. it will go low till ~0.6580
Long till 1.12410. then here comes the big short !