This seems to be likely scenario of GBPUSD of wave A correction. If price go above 1.2990 then this count will be invalid.
It is a zigzag correction so when wave A completes at 1.2736 then wave B can go back up to 85.4 in retracement so that will be a good opportunity to go long when wave 5 of larger degree completes ie at 1.2736.But preferably I will look to short when retracement completed in three waves. This is not trade recommendation and for education purposes only.
It is a zigzag correction so when wave A completes at 1.2736 then wave B can go back up to 85.4 in retracement so that will be a good opportunity to go long when wave 5 of larger degree completes ie at 1.2736.But preferably I will look to short when retracement completed in three waves. This is not trade recommendation and for education purposes only.
