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HouTianTan

GBPUSD long on hourly

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
HouTianTan  
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD cable GBP USD dollar pound fed BOE
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gbpusd cable gbp usd dollar pound fed boe
Based on Elliott Wave and Fibonacci retracement, the cable has just finished a 3-wave correction on the hourly chart. With that, we may be entering a new impulse wave or a 2nd corrective wave.

My recommendation would be to go long on this pair with a STOP LOSS at 1.5310, and a TAKE PROFIT at 1.5427.
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