Get started
TradingTie

Pound vs. Dollar Elliot Waves Reproduction

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
TradingTie  
FX:GBPUSD   British Pound / U.S. Dollar
gpbusd pound Elliott Wave wave Elliott Wave ilovetrading
27
0
gpbusd pound elliottwaves wave elliottwaves ilovetrading
Weekly bar on Pound vs. Dollar - spike over 320 pips. It propose high volatility on pair. By Elliot wave method we count five waves up from middle of April. In May starts corrective waves which will lead pair to levels over 1.5020 in next days. Price action @ 2h, 3h and 4h forming now for downside. Parliamentary Elections in UK are indicator for incoming volatility.

Related Ideas

TradingTie
600 pips downtrend Pound vs. Dollar starts
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.