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ThanatVichachai
Dec 30, 2020 8:44 AM

GBPUSD/Wait!!/ Short Wave.5 Bullish - Follow by Long Bearish 

British Pound/U.S. DollarFXCM

Description

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."

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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