Hellena | GBP/USD (4H): Long to resistance area of 1.26498.

Dear colleagues, having analyzed the chart I have redrawn the Elliott waves. I believe that the price formed a correction and now begins a major wave 5, which will reach at least the resistance area of 1.26498.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Comment:

The price has traveled more than half of the way. I expect that by the end of the week the target will be reached! Don't forget to put your trades to breakeven!

Comment:

Dear Colleagues, the price reached the support level and then bounced strongly from it. I believe that in the coming week the price will reach the resistance area at 1.26498.

Trade closed: target reached:

Dear Colleagues, if you did not manage to lock in profits while the price was higher, I would advise you to do it now, because there is a probability of an update of the low. Profit will be small, but it will be there.

Comment:

Dear colleagues, if you held long positions, congratulations on a nice profit.