GBPUSD – probability of completing Corrective
Updated
GBPUSD – There is the sign of probability of completing the corrective uptrend
The range 1.3482 is a very important range for us, which by crossing the price from this range, we will encounter changing the trend.
Currently, according to Fibonacci percentages, there is a scenario that wave 2 has ended in the range of 1.3398. The first confirmation for the advent of a downtrend is crossing the price from the range of 1.3105.
by the resumption of this movement if the price crosses the range of 1.2853 and with 5 downtrend waves, the downtrend in wave 5 can be confirmed.
please see the previous analysis by following this link.
The range 1.3482 is a very important range for us, which by crossing the price from this range, we will encounter changing the trend.
Currently, according to Fibonacci percentages, there is a scenario that wave 2 has ended in the range of 1.3398. The first confirmation for the advent of a downtrend is crossing the price from the range of 1.3105.
by the resumption of this movement if the price crosses the range of 1.2853 and with 5 downtrend waves, the downtrend in wave 5 can be confirmed.
please see the previous analysis by following this link.
Trade closed: target reached
GBP-USD Update We still have a bearish analysis and we will not change the scenario until the price crosses the range of 1.3482. The range of1.3105 is very important and is the first sign of a downtrend.
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