GBPUSD. Elliot Corrective Wave Expectations.
In 4 Hour chart, it looks like a perfect Elliot Impulsive wave pattern 12345. and detected Head And Shoulders Pattern.
this is an expecations for corrective Wave ABC.
which every expectations B and C are at 62.8-78.6 Fibonacci level.
My recommendations.
Sell and Take Profit at 1.335 area
and then Buy limit at expected B point area at 1.33450 - 1.33160 area.
And Place SL its a must. SL based on your risk management for every position.
this is an expecations for corrective Wave ABC.
which every expectations B and C are at 62.8-78.6 Fibonacci level.
My recommendations.
Sell and Take Profit at 1.335 area
and then Buy limit at expected B point area at 1.33450 - 1.33160 area.
And Place SL its a must. SL based on your risk management for every position.
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