Looks like a Head and Shoulders, but there is a major fib cluster at 1.5045ish that could represent the end of a 5 wave decline,...
The 5 wave decline has a clear rule of alternation as per my previous post on GBPUSD
Could form an important low for a 3 wave advance into a wave 2, I hope it continues lower but we will see
Am currently long GU on 1 hour Cypher Friday - Locked in profit so trying to run up a little higher if possible
Looking for reasons to get long at 1.5047 with a tighter stop loss!
The 5 wave decline has a clear rule of alternation as per my previous post on GBPUSD
Could form an important low for a 3 wave advance into a wave 2, I hope it continues lower but we will see
Am currently long GU on 1 hour Cypher Friday - Locked in profit so trying to run up a little higher if possible
Looking for reasons to get long at 1.5047 with a tighter stop loss!