GBPUSD Is Setting Up to Complete a Bearish Zigzag Pattern.
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Happy New Year to you all!
GBPUSD is correcting the major rally that started in September 2019. The impulsive move is labelled (i)-(v) in wave A. The correction which seems to be unfolding as a Zigzag in wave B is yet to be completed. I'm looking for price to move higher in the shorter cycle to complete wave (b) of C around 78.6% Fib, then look for a short entry to take advantage of wave (c) of B.
Do you like this analysis?
Best,
Veejahbee.
Happy New Year to you all!
GBPUSD is correcting the major rally that started in September 2019. The impulsive move is labelled (i)-(v) in wave A. The correction which seems to be unfolding as a Zigzag in wave B is yet to be completed. I'm looking for price to move higher in the shorter cycle to complete wave (b) of C around 78.6% Fib, then look for a short entry to take advantage of wave (c) of B.
Do you like this analysis?
Best,
Veejahbee.
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