The title was totally a joke. I have been waiting this structure to be completed for 4months. Finally it gives me proper structure to follow and trade. I'd recommend you to take Kong-Term trade on this pair with ag good risk and reward ratio.
This indicies has a high potential to make a down move/Wave/ on more time,from the technical side. On the fundamental side Covid-19 pandemic 2nd wave is about to start around the world.
Anyway I'd like to suggest you a short position on this instrument, of course you need a risk to reward ratio and risk percentage. Good Luck
The bigger trend is UP on GBPUSD.
I expect GBP stronger and USD weaker in the near future. So, I predict this is a sign of an continuation of uptrend on GBPUSD. Also take look at my GBPCAD's idea.
Follow me ofr future updates. Cheers!
In order to make the long-time expected up trend it needs one more down as I illustrated on the chart. Anyway if you are looking for a good opportunity to invest in, (I strongly suggest) it is a time to get in.
I assume that it has a high potential to reach 40$ per shares in 2-3 years. It means, You can make up to 800% of profit without doing nothing but...
I have been trying to put my wave labellings on my chart for few times. But Tradingview community house rule doesn't accept it. So, what I only can do is publish the higher potential trend on my profile. Take my analysis as a forecast but not as a signal. If you know how to trade, you can go for it. Cheers