GBPUSD 4H Trading Emerging 5th Wave
Elliott Wave theory identifies 5-wave impulse followed by 3-waves corrective sequence.
Apparently, we identified Wave 3 with strongest momentum. Upon its completion we saw a deep retrace that didn't enter into price territory of Wave 1.
With Uptrending slope (lower channel), we look for Wave 5 projected to terminate at upper channel line area.
Apparently, we identified Wave 3 with strongest momentum. Upon its completion we saw a deep retrace that didn't enter into price territory of Wave 1.
With Uptrending slope (lower channel), we look for Wave 5 projected to terminate at upper channel line area.
Transaction en cours:
The trade we have been waiting, is finally all here!
Wishing you success.
Wishing you success.
Transaction en cours
Trade fermée: cible de profit atteinte:
Fear says we can not hold Bullish trade that struggles to break 1.40000 resistance area. Till next week open
Trade fermée: cible de profit atteinte:
Despite fear, second target hit!
Overall, price moved to the target as projected by Elliott Wave theory. Nonetheless, the road to the target was full of struggles which wasn't anticipated during predicative analysis.
I've closed all position. However, according to Elliott Wave theory, it appears the market objective is 1.43750 area. Will be looking to sell at that area.
Overall, price moved to the target as projected by Elliott Wave theory. Nonetheless, the road to the target was full of struggles which wasn't anticipated during predicative analysis.
I've closed all position. However, according to Elliott Wave theory, it appears the market objective is 1.43750 area. Will be looking to sell at that area.