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GBPUSD - SELL IDEA

Short
Livre sterling / Dollar américain (FX:GBPUSD)  
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FX:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD gbpusdshort forexsignals trading investing newsignal freesignals signalprovider telegramsignals
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Analyzing GBP/USD on the 45-minute chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a downward correction, and the recent upward correction formed wave (b). Now, I am expecting wave (c) to continue the downtrend. The potential target for wave (c) is 1.26513, which corresponds to the 1.618 extension of wave (a).

This setup suggests a short position on GBP/USD, targeting this level as a potential take-profit point.
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