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ArceeBlade

GBPUSD 17/05/2021

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
ArceeBlade  
OANDA:GBPUSD   British Pound / U.S. Dollar
Wave Analysis Trend Analysis GBPUSD gbpusdanalysis gbpusdforecast gbpusdidea elliotwaveanalysis elliottwaveprojection elliotwavecount
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waveanalysis trendanalysis gbpusd gbpusdanalysis gbpusdforecast gbpusdidea elliotwaveanalysis elliottwaveprojection elliotwavecount
Here is my continuation analysis of GBPUSD. From my previous analysis, after reached the TP1 area GBPUSD rejected going down through the 1.40000 area. That indicates to me that GBPUSD still have bullish pressure. For today base on the daily timeframe, i expect GBPUSD will push to the upside again one more time before falling to test the 1.40000 area again. In the smaller timeframe such as 1H or lower i expect GBPUSD will retrace a bit before going to the upside.

Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.

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