Analyticssage

GBPUSD Elliot chart update, 31.07

FX:GBPUSD   British Pound / U.S. Dollar
I think the wave 3 is over and we will have the pullback for wave 4
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Target area
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this is 1h cahrt
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1h chart, possible reversal targets
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the triangle might suggest the end of the correction. I am bullish now
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there might be bearish count as well
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for now down trend is invalidated
I will consider bullish count
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you can buy it the triangle gets broken
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we have a change in wave count and we crossed wave 1
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the impulse got invalidated
I think we ill have another correction and then up
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close up view, it seems that it has all the required conditions for an impulsive wave
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lets go for wave 3
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I think we are in the last wave of the correction
wave 5 and then up
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Job done :
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Trade closed: target reached:
I am closing this post here. Next week I will continue in a new post
have a good weekend:

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