I see two likely scenario's for next week where my bullish count for wave 3 is my preferred scenario for the moment.
I will be looking for the bullish break and continuation higher.
If however this turns out to be a triangle I will let price settle after the first bearish impulse and sell the continuation. A triangle almost always occurs prior to the final move so that would help us to buy GBPUSD after wave 5.
updates will follow
I will be looking for the bullish break and continuation higher.
If however this turns out to be a triangle I will let price settle after the first bearish impulse and sell the continuation. A triangle almost always occurs prior to the final move so that would help us to buy GBPUSD after wave 5.
updates will follow
Comment:
GBPUSD seems in a more sideways correction by means of a triangle structure for wave 4.
