GBPUSD | The best scenario for climbingđź“ť
Hello traders , GBPUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
Based on the previous wave count, we concluded that we are in a leading cycle.
From this structure, the five waves of waves 1, 2, and 3 have been completely completed and completed, and now what has made the difference between the analysts is the end of wave 4 and the beginning of wave 5, or we are still inside wave 4.
In our opinion, according to our count, wave 4 has been completed and we are now inside the wave of wave 5.
The first wave, wave 5, confirmed the formation of the main wave 5 with the failure of the correction channel, and now it will probably be hit to continue the process of Pulbecki ascent to this channel, which will be related to wave 4 of wave 1, and a sideways trend related to wave 2 of wave 5 is the original and all these corrections will be marked above the channel and around Fibo 0.618.
We did not consider a field point, but we see the continuation of the trend by breaking the resistance that we marked with a green circle.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Based on the previous wave count, we concluded that we are in a leading cycle.
From this structure, the five waves of waves 1, 2, and 3 have been completely completed and completed, and now what has made the difference between the analysts is the end of wave 4 and the beginning of wave 5, or we are still inside wave 4.
In our opinion, according to our count, wave 4 has been completed and we are now inside the wave of wave 5.
The first wave, wave 5, confirmed the formation of the main wave 5 with the failure of the correction channel, and now it will probably be hit to continue the process of Pulbecki ascent to this channel, which will be related to wave 4 of wave 1, and a sideways trend related to wave 2 of wave 5 is the original and all these corrections will be marked above the channel and around Fibo 0.618.
We did not consider a field point, but we see the continuation of the trend by breaking the resistance that we marked with a green circle.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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