profgumbiofficial

profgumbiofficial

GBPUSD we have a rising wedge that has already broken out of the structure and currently about retest and drop watch it closely

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MORE BULLISH MOVES EXPECTED AS WE HAVE BROKEN OUT OF A DIAGONAL PATTERN AS INDICATION OF CHANGE IN DIRECTION OR TREND

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ACCORDING TO THE ELLIOT WAVES THEORY WE ARE CURRENTLY IN WAVE 4 OF A BULLISH 535 SEQUENCE ,THE CORRECTIVE WAVE 4 CAUSED PRICE TO RANGE FORMING A TRIANGLE AS WAVE 4 INDICATING MORE BULLISH MOVEMENT

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A continuation sequence on the dollar index indicating more weakness on the dollar in the upcoming sessions

profgumbiofficial

Triangle formation on lower timeframes like h1 and h4 indicating a potential continuation to the upside