GBPUSD ELLIOTT WAVE OUTLOOK
As seen in the attached related idea, GBP should go substantially lower due to a large head and shoulders pattern. However, in the short term, it appears that GBPUSD will probably rise in a small fourth wave, then decline to a new low in a fifth wave, before a fairly large rally. This rally will then likely be followed by a very large decline as GBPUSD continues to breakdown through the head and shoulders neckline.
NOT INVESTMENT OR TRADING ADVICE
NOT INVESTMENT OR TRADING ADVICE
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.