The Definitive Elliott Wave Structure for GBPUSD (Daily TF)

Short

Livre sterling / Dollar américain (FX:GBPUSD)

Mis à jour

FX:GBPUSD Livre sterling / Dollar américain

gbpusd gbpusdshort elliottwaves elliottwaveretracement elliottwaveprojection elliottwavecorrection cable cableshort forex forexsignals

GBPUSD
Graphical Elements : Bearish descending channel stretching back to 2015 July
Elliott Wave Structure : We're seeing a wave (5) ((3)) push down below fractal resistance at 1.4640

I specialize in Elliott Wave analysis for leading banks and hedge funds in 3 different countries.
I also run my own trading community that specialize in training successful full-time traders.
www.TheForexArmy.com

Commentaire:

For long term, I personally prefer to sell closer to 1.4640 which is the irregular wave (4) correction with a perfect 1.0 elliott wave projection before seeing a further push down to 1.3320

Commentaire:

Please note wave 4 is a 0.382 retracement, not a 0.316 (no idea how I accidentally typed that lol)

Transaction en cours:

Price is now on channel resistance, good time to sell with a stop above 1.4640

Commentaire:

For short term, I'll play a drop to 1.4295 with my stop loss at 1.4425 (about R:R 1 to 4). From there i'll expect one more push up to 1.4640

Idées en relation

about GBPUSD

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.