SirajHudda
Short

GBPUSD Rally or Correction?

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             has reached the top of the channel and retreating back again.. If we are still correcting as I think we are in a Primary Wave 4 then GBPUSD             would go down from current levels all the way down to the bottom of the channel and probably make new low to complete Wave 5.. However, if it goes higher and keep on rallying from here then we are probably in new Wave that was started and which keep on going higher from here.. Lets see which Wave are we unfolding here.. Is it going to Correct or Rally?

Happy Trading!!

Siraj Hudda, CFTe

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Trade closed: target reached: It has given the fall for the 5th Wave and made a New low going below Primary Wave 3.. All Targets Met.
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