Hey guys,
just a quick update on GBPUSD. We have been in an extended sideways movement since five weeks now.
The wave count suggests the end of wave E to finish the barrier triangle and therefore wave 4.
Remember Wave E can break out of the trendline and often does. But if price goes below the low of wave C, the count is invalid.
In 20min is BOE Meeting, and as always news create volatility, so watch out and always apply risk management.
just a quick update on GBPUSD. We have been in an extended sideways movement since five weeks now.
The wave count suggests the end of wave E to finish the barrier triangle and therefore wave 4.
Remember Wave E can break out of the trendline and often does. But if price goes below the low of wave C, the count is invalid.
In 20min is BOE Meeting, and as always news create volatility, so watch out and always apply risk management.