SHORT GBPUSD
GBPUSD is set up in the possible 3rd wave of an Elliott Wave. Watch for price on hourly to retrace back to 100% Fib level where there could be a possible rebound to the upside to the supply zone completing the 4th and 5th wave or break the 100% level down to the 76.4% Fib level to complete the 4th wave then rebound to the upside to the supply zone to complete the 5th wave.
I will execute PUT/SHORT once price closes below the 50 MA and/or 100% Fib level
I will execute PUT/SHORT once price closes below the 50 MA and/or 100% Fib level
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.