#GBPUSD begining of a 3wave corrective move
Aktualisiert
As can be seen, the price appears to be completing a 5th wave of 5, indicating the end of a bullish impulsive move that reached the upper channel line. Now, we could expect a bearish move in the form of an ABC correction or a reversal.
To open a position, we should wait for a bullish corrective move, which could be either wave B or 2, and then try to catch wave C or 3.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
To open a position, we should wait for a bullish corrective move, which could be either wave B or 2, and then try to catch wave C or 3.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Anmerkung
Price eventually is getting very close to the target zone, we still keep riding the trend as far as we can.
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