GBPUSD medium-term BUY and long-term SELL
Well, I drew this chart 6 days ago, but I didn't know how to present it correctly m-term buy or l-term sell... so u see it only now.
It's a complex look on gbpusd based on Elliott wave analysis.
Here is a big picture. 1-2-3-4-5(red) waves.
3rd wave is an extention. 1-2-3-4-5(yellow) waves.
wave 1 = wave 5 (Red). estimated price target for LONG-TERM SELL is 1.05 in late november 2017
Currently market is inside 4th wave(red).
It's ABC 3-3-5 flat.(yellow)
wave A is abc 3-3-5 flat. B is abc 3-3-5 flat.
wave C is 1-2-3-4-5 impulse/diagonal. (yellow)
wave C is a good MEDIUM-TERM BUY opportunity.
Price targets for BUY is:
- 38.2% retracement of wave 3(red) (1.325);
- wave A = wave C (yellow) (1.302);
- 127.2% of wave A(yellow) (1.33).
After wave C(yellow) is completed, wave 4(red) is done and wave 5(red) decline begins.
I hope my forecast will be helpful for you!
#brexit is still in play.
Trade with care!
It's a complex look on gbpusd based on Elliott wave analysis.
Here is a big picture. 1-2-3-4-5(red) waves.
3rd wave is an extention. 1-2-3-4-5(yellow) waves.
wave 1 = wave 5 (Red). estimated price target for LONG-TERM SELL is 1.05 in late november 2017
Currently market is inside 4th wave(red).
It's ABC 3-3-5 flat.(yellow)
wave A is abc 3-3-5 flat. B is abc 3-3-5 flat.
wave C is 1-2-3-4-5 impulse/diagonal. (yellow)
wave C is a good MEDIUM-TERM BUY opportunity.
Price targets for BUY is:
- 38.2% retracement of wave 3(red) (1.325);
- wave A = wave C (yellow) (1.302);
- 127.2% of wave A(yellow) (1.33).
After wave C(yellow) is completed, wave 4(red) is done and wave 5(red) decline begins.
I hope my forecast will be helpful for you!
#brexit is still in play.
Trade with care!
עסקה פעילה
look like (a)-(b)-(c) pattern is done.הערה
wave 4 retraced 61.8% of wave 3עסקה סגורה: היעד הושג
Looks like pound comleted a big corrective structure. (wave 4 red)It means, that buy targets may be already reached. and it's time to look for SELL opportunities!
1.2683 is 61.8% of wave A(yellow), possible end of final wave C(yellow).
Now wave C (1-2-3-4-5) structure is close to be broken.
Here is close look.
this breakout should confirm the begining of a long time BEAR market.
LONG TERM SELL targets are: 1.17; 1.11; 1.01.
Keep an eye on it!!!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.