GBPUSD Trend Setup for Bullish Break
1. Completion of Eliot wave as MACD signals increased momentum.
2. Bounce at support to form Adam and Eve double bottom to continue to targets indicated by Stochastic and RSI indicators.
3.Expect pullback at 5
2. Bounce at support to form Adam and Eve double bottom to continue to targets indicated by Stochastic and RSI indicators.
3.Expect pullback at 5
Note
Made it to Eve and then a quick move up to 3 as Upward support line still holds. Wave not yet complete. To the moon, or just 5.
Trade closed: target reached
I guess Eve became 4 and sell trade closed at 1.3 in a shorter frame of time.Wave complete.correction wave coming. Next Target 1.32137 but would be healthy to correct first.
Note
Closing up on target.Note
Final Target reached. Watching for next move,
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.