As you see , there is a possible fibo-channel. there two possible ways to get out of the channel. possible prices are shown. In this case it is suggested to way for breakout and pull back on the channel line.
In case of breaking out from the channel there two possible choices after pull back to channel line. To get better decision it is suggested to wait for breakout.
After completing the Head and shoulder pattern , we expect the growth for position for USD crosses
As we consider a short trade , GBPUSD has a good opportunity for sell. As I mentioned before , USD index as about to start ascending. we should analyze related currencies to USD.
As you can you can see , USDJPY in H4 has a chance to brake the triangle. you can refer to USD Index chart analysis and see that , USD is starting to grow up.
We can expect an ABC corrective wave consider entry and TP1 I will send the next TPs soon.
if we analyze based on Elliot waves , we can expect wave 5 going up to 1.23000 After that we expect an ABC pattern with two TPs.
As we can see , USD Index is about to grow. consider the entry points. I will send you all possible opportunities to enter all major currencies related to USD
consider 2 times entry for more profit Two TPs are assigned.
On a short way up...consider entry with account management
After a short descend , it will go up consider the news today about the GBP and EUR