FX:GBPUSD You can plan the sales movement of the brush. Goals marked with green lines
I saw some analysys presuming GBPUSD would move up in the near future. However, now I do now see much evidence of possible strong upward impulse. We have 2 most probable options: 1st - there is a corrective Elliot wave which after impulse downward is possible, and 2nd - there is a new channel is being constructed, so the price would move inside of it. My advice is...
Back tested GBP_USD on a 2009 historical data. 1. 2009 Oct Data show a strong impulse move right after the pound crash. 2. 2020 Apr Data shows a similar strong impulse Here is comparison chart between current and previous chart patterns. Current level is on the middle of nowhere but could trigger trade set-up once it goes to the main resistance level. Two trades...