GBPUSD seems to have completed its impulse wave 5 ๐ดresistance zone($ 1.267-$ 1.24) ๐ด so that Regular Divergence(RD-) can be seen between the end of the main wave 3 and the main wave 5. And also, the main wave 3 is Extended.
When wave 3 is extended, wave 1 and wave 5 tend towards size equality 100% or 61.8% relation = In this example, exactly 61.8% has been met.โ
Another sign that we can confirm at the end of the main wave 5 is the formation of a Bearish Engulfing candlestick pattern in the resistance zone.
In addition, since the DXY index is expected to take an upward trend, then my expectation of GBPUSD falling can be reasonable.๐
So I expect GBPUSD to at least decline(โ5%) to the end of wave 4 (close to the ๐ขsupport zone($ 1.183- $ 1.165)๐ข).
๐ British Pound/ U.S.Dollar Analyze ( GBPUSD ), Daily time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
When wave 3 is extended, wave 1 and wave 5 tend towards size equality 100% or 61.8% relation = In this example, exactly 61.8% has been met.โ
Another sign that we can confirm at the end of the main wave 5 is the formation of a Bearish Engulfing candlestick pattern in the resistance zone.
In addition, since the DXY index is expected to take an upward trend, then my expectation of GBPUSD falling can be reasonable.๐
So I expect GBPUSD to at least decline(โ5%) to the end of wave 4 (close to the ๐ขsupport zone($ 1.183- $ 1.165)๐ข).
๐ British Pound/ U.S.Dollar Analyze ( GBPUSD ), Daily time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
ืืขืจื:
Do you agree with me?
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3