GBPUSD: Elliott Wave Analysis
Details: Price should be finished Wave X blue (Intermediate Degree) as ABC (Zigzag Pattern) and now price has been moving down to Wave Y as ABC (Zigzag Pattern)
Trading opportunity: For aggressive, open the short position for price declining to Wave Y as ABC (Zigzag Pattern) at the expected target at the Wave equality Y=W (1.2200)
Invalidation Point: 1.28177
Trading opportunity: For aggressive, open the short position for price declining to Wave Y as ABC (Zigzag Pattern) at the expected target at the Wave equality Y=W (1.2200)
Invalidation Point: 1.28177
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.