GBPUSD Long pull back entry into Elliot Wave
As it stands price is currently at EW4 which made a move up with a Bullish divergence to test the highs of 1.30056 before closing with a bearish trend bar. What i'm expecting is that price may pull back/corect to 1.27766 which may confluence with the middle level of the Andrew Pitchfork before rally up to complete EW5 or potentially start a sub wave on the lower time frames.
Potential long will be sought at 1.27832 - Alerts set
Watch and Wait
Bear Trader.
Potential long will be sought at 1.27832 - Alerts set
Watch and Wait
Bear Trader.
Note
GBPUSD has continued it's ascent up - negating my analysis - with target 2 of the daily bull divergence fulfilled.Potentially could find lower TF entries to get on board.
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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.