GBPUSD, end of bearish moment
As shown on the chart analysis, GBPusd the upside is still very much possible for the pair due to some reasons :
1. A clearly and vividly counted 5 impulse wave
2. followed by a big time correction of zigzag ( wxy)
3. The corrective structure has broken the 61.8 fib level.
Therefore we must be expecting a resumption of the upside trend soon so far the invalidation level is not broken which is the September 2019 low.
Feel free to write in the comments all your questions, queries and any instrument you want me to analyze .
Kindly push the like button if you think the idea is useful - that would be the best THANK YOU.
Thank you.
1. A clearly and vividly counted 5 impulse wave
2. followed by a big time correction of zigzag ( wxy)
3. The corrective structure has broken the 61.8 fib level.
Therefore we must be expecting a resumption of the upside trend soon so far the invalidation level is not broken which is the September 2019 low.
Feel free to write in the comments all your questions, queries and any instrument you want me to analyze .
Kindly push the like button if you think the idea is useful - that would be the best THANK YOU.
Thank you.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.