GBPUSD : Correction about to Finish & Bull rally continues
So... on GBPUSD on this Timeframe we are looking @ the following .
5 wave Impulse to the upside completed as indicated in our Blue degree.
Correction which is a combination structure about to Complete @1.40500 to 1.41000
We have a WXY correction in our Orange Degree which also has another WXY smaller degree in our Y wave.
The correction is gonna end @1.40500 to 1.41000 where we have FIB level 100% to 1.236 of WX of our smaller degree in Black.
Also is @ a FIB zone or Level @1.618 of the wave W&X of the Higher degree in Orange.
Lastly @1.40500 to 1.41000 is a FIB level 50% of the 5 wave Impulse from 1.38117 to 1.42114, so this is where we will be buying GBPUSD again.
PLEASE follow your own RISK MANAGMENT and TRADE RESPONSIBLY.....
5 wave Impulse to the upside completed as indicated in our Blue degree.
Correction which is a combination structure about to Complete @1.40500 to 1.41000
We have a WXY correction in our Orange Degree which also has another WXY smaller degree in our Y wave.
The correction is gonna end @1.40500 to 1.41000 where we have FIB level 100% to 1.236 of WX of our smaller degree in Black.
Also is @ a FIB zone or Level @1.618 of the wave W&X of the Higher degree in Orange.
Lastly @1.40500 to 1.41000 is a FIB level 50% of the 5 wave Impulse from 1.38117 to 1.42114, so this is where we will be buying GBPUSD again.
PLEASE follow your own RISK MANAGMENT and TRADE RESPONSIBLY.....