GBPUSD needs a break of at least ➖5%👇

Apr 15, 2023

GBPUSD seems to have completed its impulse wave 5 🔴resistance zone($ 1.267-$ 1.24) 🔴 so that Regular Divergence(RD-) can be seen between the end of the main wave 3 and the main wave 5. And also, the main wave 3 is Extended.

When wave 3 is extended, wave 1 and wave 5 tend towards size equality 100% or 61.8% relation = In this example, exactly 61.8% has been met.✅

Another sign that we can confirm at the end of the main wave 5 is the formation of a Bearish Engulfing candlestick pattern in the resistance zone.

In addition, since the DXY index is expected to take an upward trend, then my expectation of GBPUSD falling can be reasonable.👇

So I expect GBPUSD to at least decline(➖5%) to the end of wave 4 (close to the 🟢support zone($ 1.183- $ 1.165)🟢).

🔅British Pound/ U.S.Dollar Analyze ( GBPUSD ), Daily time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.

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Apr 15, 2023

Note

Do you agree with me?