GBPUSD H2 update. It looks like we are currently on wave 3.
It seems like Gold has just completed higher degree wave 5 and is currently in a corrective structure.
The pair is currently in a correction phase on the daily chart.
We seem to have completed the correction of wave 2 and now headed for wave 3.
We seem to have completed the lower degree correction for wave 2 and now we are headed for wave 3.
We have a bearish flag in preparation for the breakout of the big structure (Ending diagonal)
It looks like we have completed the final correction to the downside.
I am convinced that we are currently on a corrective wave 4 since we have a sideways correction and wave 2 had a deep correction. By the look of things wave 5 will be an extended wave.
We have an ending diagonal in preparation for the long term drop
GBPAUD H4 Long term Sell idea for Bears
I am convinced that we are currently on a corrective wave 4 since we have a sideways correction and wave 2 had a deep correction. By the look of things wave 5 will be an extended wave.