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The article covers the following topics:
Main meals
- The main scenario: Consider the long situations of corrections higher than the 1.2715 level with 1.3500 – 1.4000. Buy signal: The price exceeds 1.2715. Stop loss: less than 1.2680, take profits: 1.3500 – 1.4000.
- An alternative scenario: The penetration and unification below the 1.2715 level will allow the husband to continue to drop to 1.2342 – 1.2100 levels. Selling signal: The 1.2715 level is broken to the downside. Stop loss: above 1.2750, take profits: 1.2342 – 1.2100.
The main scenario
Consider the long situations of corrections higher than the 1.2715 level with 1.3500 – 1.4000.
Alternative
The penetration and unification below the 1.2715 level will allow the husband to continue to drop to 1.2342 – 1.2100 levels.
analysis
The first raising 1st -1st rising wave of (A) is formed on the daily chart, and it is assumed that the declining correction was completed as a second confrontation 2 of (а). The third wave 3 of (а) began to develop on the H4 timeline, with the first anti -first -class wave of the smallest of 3 of its role. The H1 chart is assumed that the wave (III) of I form, and the local correction is completed as the IV confrontation from I, and WAVE (V) of I Consolling. If the assumption is correct, GBP/USD The pair will continue to rise to 1.3500 – 1.4000 levels. The level of 1.2715 is very important in this scenario, as the husband will be able to continue to decrease to 1.2342 – 1.2100 levels.
This expectation depends on Elliot wave theory. When developing trading strategies, it is necessary to consider the basic factors, as the market situation can change at any time.
GBPUSD price scheme in real time
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