tupaitrader
Long

GBPUSD motive wave

FX:GBPUSD   British Pound/U.S. Dollar
my elliot wave analysis shows that the price is in motive wave and now almost reaching the upper channel trend line .the reason for me to go long for this chart is the movement of the price is bullish .the price are reaching the upper trendline channel.

look for the clue after the end of correction at wave 4 to go long.look for the candlestick indication, wheter to go long or continue to short for this gbpusd             .if the price break the lower channel trendline .the price may retest and continue heads down.

look at the opportunity to make entry at the area of 1.52612.whether it go up or go long.

good luck!!
Trade closed: target reached
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