GBP/USD Elliot Impulsive Wave - Correction Ahead?
Updated
This looks to have completed a near enough perfect Elliot Impulsive Wave.
The Stoch RSI seems to be suggesting that this is on it's way down.
This has broken a 13 year old diagonal trend line (maroon) which could be a false BO.
I would watch this pair carefully along with the NZD/USD as they're nearing an end to their posotive yearly run with a lot of room to fall.
The Stoch RSI seems to be suggesting that this is on it's way down.
This has broken a 13 year old diagonal trend line (maroon) which could be a false BO.
I would watch this pair carefully along with the NZD/USD as they're nearing an end to their posotive yearly run with a lot of room to fall.
Note
A monthly view which allows you to see the 13 year resistance that it has recently broken out. 
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.