GBPUSD Wave Outlook: Anticipating an Upward Trend
Dear Traders,
Trust you are doing great.
Below is my outlook of the GBPUSD currency pair from Elliott wave perspective.
Expectation: Another upward wave targeting 1.27202 level.
Key Factors:
1. Presence of an upward motive wave pattern comprising five components (1)/(A)
2. Completion of a corrective pattern resembling an expanded flat
3. Correction (B)/(2) reaching a 50% retracement of the prior wave
4. Correction (B)/(2) finding robust support.
Validity: Analysis remains applicable unless the starting point of the (1)/(A) wave is breached.
Trust you are doing great.
Below is my outlook of the GBPUSD currency pair from Elliott wave perspective.
Expectation: Another upward wave targeting 1.27202 level.
Key Factors:
1. Presence of an upward motive wave pattern comprising five components (1)/(A)
2. Completion of a corrective pattern resembling an expanded flat
3. Correction (B)/(2) reaching a 50% retracement of the prior wave
4. Correction (B)/(2) finding robust support.
Validity: Analysis remains applicable unless the starting point of the (1)/(A) wave is breached.
Comment:
Moved +89pips
Comment:
GBPUSD has done +110Pips since this analysis was shared.
Trade closed: target reached
