Hey Guys ,
Here is my analysis on GBPUSD ,
What im seeing here is price has made a big impulsive move to the downside with the support has been broken ,
as you can see a 0-1 and 2-3 is the strong impulsive move from the ElliotWave (currently waiting for another 4-5 impulsive move again ,
but we haven't seen any retest confirmation yet , now what we are waiting for here is ,
a retest to the previous resistance now act as a support and if i drag the fibonacci retracement ,
we are expecting price rejects to around 38.20% area with the help a rejection from the downtrend line if possible ,
a confirmation from broken counter trendline if possible as well ,
just like you know trading is a waiting game , just wait for the best opportunity for us to enter our short position ,\\
let me know what you guys think about my analysis on GBPUSD
Give it a like or comment down below !
Here is my analysis on GBPUSD ,
What im seeing here is price has made a big impulsive move to the downside with the support has been broken ,
as you can see a 0-1 and 2-3 is the strong impulsive move from the ElliotWave (currently waiting for another 4-5 impulsive move again ,
but we haven't seen any retest confirmation yet , now what we are waiting for here is ,
a retest to the previous resistance now act as a support and if i drag the fibonacci retracement ,
we are expecting price rejects to around 38.20% area with the help a rejection from the downtrend line if possible ,
a confirmation from broken counter trendline if possible as well ,
just like you know trading is a waiting game , just wait for the best opportunity for us to enter our short position ,\\
let me know what you guys think about my analysis on GBPUSD
Give it a like or comment down below !
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