GBPUSD is bear through down trend parallel channel line!
As you can see the chart,we look at eliot wave first.
Eliot wave indicates that one wave is consist of 5 waves.
the 5th WAVE is missing during this downtrend.
So we should look about where to sell!
Luckily there was parallel channel line which is VERY strong signal and right now we can see the price is trying to hit upper side so that the price can continue to get downtrend.
Eliot wave indicates that one wave is consist of 5 waves.
the 5th WAVE is missing during this downtrend.
So we should look about where to sell!
Luckily there was parallel channel line which is VERY strong signal and right now we can see the price is trying to hit upper side so that the price can continue to get downtrend.