FX:GBPUSD   British Pound / U.S. Dollar
Idea is based on a combination of Elliot Wave , Fibonacci extensions and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop losses. Good luck guys!.
I've got a question ~~~~~~ If I can ask it so it makes sense ~~~~~
Perhaps you just abbreviated the last of Blue wave V but,
If a wave V normally subdivides into 5 waves for completion, and,
gold wave 5 ends about 1.7216, then, what are the 2 waves -
red and blue that complete up to the Blue wave V @ 1.7365 ?
I try again if I need more clarification.
thanks for your thoughts !!!!!
HamzaLeith dojitrader
Hi dojitrader, sorry for the late reaction, haven't been able to contribute a lot on TV these past two weeks. That golden wave is a subdivided one...as for the blue one,,what iam trying to say is that I expect a new small subdivided wave to take us all the way to 1.7365 before a possible major correction, Hope that makes sense I will try going long after a close above that blue line...good luck
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