GBP/USD Elliott Wave Analysis – Major Breakout Ahead?
🚀 GBP/USD Elliott Wave Analysis – Major Breakout Ahead?
📊 Market Overview:GBP/USD is currently forming a clear Elliott Wave structure, suggesting a potential high-probability move in the coming sessions. The market is showing signs of a strong wave formation, aligning with key support and resistance levels.
🔎 Elliott Wave Breakdown:1️⃣ Wave (1): The initial bullish impulse started from [X level], confirming strong buyer interest.2️⃣ Wave (2): A corrective pullback reached [Y level], respecting Fibonacci retracement zones.3️⃣ Wave (3): The strongest move is unfolding, targeting [Z level] based on wave projections.4️⃣ Wave (4): A minor retracement is possible before the final push.5️⃣ Wave (5): The last leg may take price toward the key psychological level of [Target].
📈 Technical Confluences:✅ Strong demand zone around [Support Level].✅ Fibonacci retracement aligns with key pivot points.✅ Bullish divergence spotted on RSI.✅ Breakout confirmation needed above [Resistance Level].
💡 Trading Plan:
If price breaks above [Resistance], I expect bullish continuation.
If price rejects from [Resistance], a short-term pullback may occur before another attempt higher.
📢 Your Thoughts?What’s your outlook on GBP/USD? Do you agree with this wave count, or do you see an alternative scenario? Drop your analysis below! 👇👇
So which one should I choose, wave?
📊 Market Overview:GBP/USD is currently forming a clear Elliott Wave structure, suggesting a potential high-probability move in the coming sessions. The market is showing signs of a strong wave formation, aligning with key support and resistance levels.
🔎 Elliott Wave Breakdown:1️⃣ Wave (1): The initial bullish impulse started from [X level], confirming strong buyer interest.2️⃣ Wave (2): A corrective pullback reached [Y level], respecting Fibonacci retracement zones.3️⃣ Wave (3): The strongest move is unfolding, targeting [Z level] based on wave projections.4️⃣ Wave (4): A minor retracement is possible before the final push.5️⃣ Wave (5): The last leg may take price toward the key psychological level of [Target].
📈 Technical Confluences:✅ Strong demand zone around [Support Level].✅ Fibonacci retracement aligns with key pivot points.✅ Bullish divergence spotted on RSI.✅ Breakout confirmation needed above [Resistance Level].
💡 Trading Plan:
If price breaks above [Resistance], I expect bullish continuation.
If price rejects from [Resistance], a short-term pullback may occur before another attempt higher.
📢 Your Thoughts?What’s your outlook on GBP/USD? Do you agree with this wave count, or do you see an alternative scenario? Drop your analysis below! 👇👇
So which one should I choose, wave?
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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.