British Pound / U.S. DollarUpdated GBPUSD/Wait!!/ Short Wave.5 Bullish - Follow by Long Bearish
Wave (b) of B disclosed that it's not yet finished. Wave 5 is moving up bring the price to around 1.35744[previous high]
if the price choose the downward direction, it means that wave 5 is finished but this case is rarely happened referring to
degree of time.
Wait!!!
For the market to choose a direction. The upside is small. Don't rush!
"Money is made by sitting, not trading."
if the price choose the downward direction, it means that wave 5 is finished but this case is rarely happened referring to
degree of time.
Wait!!!
For the market to choose a direction. The upside is small. Don't rush!
"Money is made by sitting, not trading."
Trade closed: target reached
It seems that wave 3x has not yet finished, the apex price is now a wave 5 of wave x3. The next target is wave 4 corrective in the blue resistance zone 38.2%/50% Fibonacci, it can be sharp and take a shorter time than wave 2 combination. Then it can rally to end wave 5 of the big cycle wave A in a 1h time frame.
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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.
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.