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The article covers the following topics:
Main meals
- The main scenario: Consider short sites of corrections less than 1.3400 with 1.2760 – 1.2600. Sell signal: The price is less than 1.3400. Stop loss: above 1.3440, take profits: 1.2760 – 1.2600.
- An alternative scenario: The penetration and unification above the level of 1.3400 will allow the husband to continue to rise to 1.3750 – 1.4000 levels. Purchase signal: The 1.3400 level is broken to the upper direction. Stop loss: less than 1.3360, take profits: 1.3750 – 1.4000.
The main scenario
Consider short sites of corrections less than 1.3400 with 1.2760 – 1.2600.
Alternative
The penetration and unification above the level of 1.3400 will allow the husband to continue to rise to 1.3750 – 1.4000 levels.
analysis
The first raising 1 -degree wave is formed on the (A) on the daily chart, and a decreased correction is completed as the second wave 2 of (а). The third wave 3 of (а) began to develop on the H4 timeline, with the first anti -first -class wave of 3 smaller from 3 formed as its role. Apparently, a local correction is developed as the second second wave of 3 on the H1 chart, with wave (A) of II formed from the inside. If the assumption is correct, GBP/USD It will continue to decrease to 1.2760 – 1.2600 levels. The 1.3400 level is very important in this scenario, as the husband will be able to continue to rise to 1.3750 – 1.4000 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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