Khoza
Long

Speculative Elliot Wave Setup Analysis H4

FX:GBPUSD   British Pound / U.S. Dollar
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Trend has already bounced off (i) @1.30450 anticipating it to go up. It currently is in consolidation mode and any impulse below @1.30450 should bounce off (ii) @1.29985 or ( iii ) 1.29393. If it passed below this the analysis is invalidated. A retracement on the upward trend is expected at (iv) 1.31790 before upward movement continues.

Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.


GBPUSD D1 Running flat for more downside. Checkout the idea detail's and update's for the complete picture!
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