fibochenko

GBPUSD wave 5 is starting

fibochenko Updated   
FX:GBPUSD   British Pound / U.S. Dollar
It seems wave 4 is completed in form of a regular flat correction and wave 5 is starting by bulls !
Trade active:
It is possible we have a nice head and shoulder when wave 2 of 5 is forming.
a good strategy is when price breaks neckline which is compatible with main strategy that offered.
Another strategy is enter in end of wave 2 by taking long position in 50 - 62 % of wave 1. Less accurate but more potential profit and less stop loss.
Trade active:
you can see another analyze of this symbol inthis link:

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