hey guys , gbpusd is just finishing the downtrend wave 12345, i believe the price is forming the correction A , after that should make a pullback forming B and then we could calculate C with the fibonacci extension, anyway c should end around the green zone i marked because im seeing an interesting confluences around that point.
remember this is a long term analysis, in the inmediate time we could operate the correction A as buy and the correction B as sell, waiting for the big buy when c starts to form.
also i use a fibo channel to mark some interesting levels where the price could go.
remember this is a long term analysis, in the inmediate time we could operate the correction A as buy and the correction B as sell, waiting for the big buy when c starts to form.
also i use a fibo channel to mark some interesting levels where the price could go.
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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.