GBPUSD LONG THEN BIG SHORTS COMING UP!
Updated
Hello traders.
Today I am sharing my
GBPUSD analysis.
I am using the Elliot wave trading technique which I commonly teach
Here we can see price is currently forming subwave 4 in wave 4.
We are expecting subwave 4 to reject one of our fibonacci levels and not surpass our blue invalidation box below. Once we see bullish rejection we will be forming subwave 5 in our corrective wave.
Once we see subwave 5 fully form, we would have fully formed our corrective wave and we will be looking for our BIG SHORTS which will secure atleast 1500 pips!
We will update a more precise reversal location for our shorts closer to the time.
Be sure to check out my other ideas
Today I am sharing my
GBPUSD analysis.I am using the Elliot wave trading technique which I commonly teach
Here we can see price is currently forming subwave 4 in wave 4.
We are expecting subwave 4 to reject one of our fibonacci levels and not surpass our blue invalidation box below. Once we see bullish rejection we will be forming subwave 5 in our corrective wave.
Once we see subwave 5 fully form, we would have fully formed our corrective wave and we will be looking for our BIG SHORTS which will secure atleast 1500 pips!
We will update a more precise reversal location for our shorts closer to the time.
Be sure to check out my other ideas
Note
Big drop now, our safest place to reject is the wave 4 invalidation level and the 0.618 fib
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