Black FridayFino al 70% in meno
Sterlina / Dollaro
Short

GBPUSD 8H Wave Analysis

Di Phils_Ocean
  • GBP/USD made nice higher Highs and bullish engulfing on monthly chart
  • Currently in ABC correction with wave C to complete
  • Wave C should at least correct to 38% Fib Level, but deeper correction is more likely

    We have multiple support at around 1.26
    Rising Trendline
    Falling Channel/TL Retest
    Horizontal Support
    50% Fibonacci Level
  • We are currently short since yesterday. Looking for significant price action around the two levels and will close the short around there
  • IF major price action occurs around this level, a long position will be opened to ride the Wave 3 of Wave 3 to new highs

  • Watch out for GBP News, timing should line up with GB Elections!!
Elliott WavepriceactionTrend Analysis
Phils_Ocean

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