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ew-forecast
Short

GBPUSD Three Waves Down In Play

British Pound / U.S. Dollar (FX:GBPUSD)  
ew-forecast  
FX:GBPUSD   British Pound / U.S. Dollar
USD (US Dollar) Elliott Wave Elliott Wave
188 1 8
usd-us-dollar elliottwaves elliottwaves
Cable has turned down from 1.569 and is now trading beneath the trend line . This break down suggest that market is making a minimum three waves down, from the highs. So current leg lower could either be wave c or wave ( iii             ), that can be targeting 1.52 as long we trade beneath 1.57.

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I really like your chart, Thanks.
+1 Reply
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