nikitafx
Short

GBP/USD target of Wave 5 (Nikita FX )

FX:GBPUSD   British Pound/U.S. Dollar
66 0 3
GBP/USD             is still going on with its larger Wave 5 (looks like being in Wave 5-sub-3-4-abcde).
4-E finished its top at 1.7191. Target of Wave 5 will be calculated with these two methods:

A:1.7191-(Fib.61.8% of Wave 3: 2.0397-1.3501)=1.2929

B:1.7191-(vertical width of Triangle: 1.7042-1.3785) x 1.272=1.3048

There will be only 119 pips between A & B. Let's say target is going to be approx. 1.3000

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