GBPUSD time to go Down, end of Wave 3, Rising Wedge, Resistance
GBPUSD seems to form a rissing wedge in which there is an abcde, it is also seen that GU has reset its resistance twice.
seen from the eliot wave, it seems that GU is already at the end of wave c.
Most likely for the next 2 days, GU will go down first then on Wednesday / Thursday the bulls will come back because of the mercury retrograde effect makes gold go up and causes the DXY to go down.
SL:1.4205 (65 pips)
TP:1.4205
R:2
seen from the eliot wave, it seems that GU is already at the end of wave c.
Most likely for the next 2 days, GU will go down first then on Wednesday / Thursday the bulls will come back because of the mercury retrograde effect makes gold go up and causes the DXY to go down.
SL:1.4205 (65 pips)
TP:1.4205
R:2
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.