Zemnieks

GBPUSD possible structure

Zemnieks Updated   
FX:GBPUSD   British Pound / U.S. Dollar
In impulse C wave, then another impulse up for (C) wave again
Comment:
So far looking good.
Probably just ended 3rd wave(it can make last small push down) so looking for some correction before 5th wave down.
Comment:
It looks like 5th wave is starting, not sure if 2nd wave is completed but next week we should see impulse down.
Orange line invalidation.
Comment:
Hits almost perfectly, now correction before 5th and Impulse is done. :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.