GBPUSD in Corrective Wave mode
The price action is on on course to complete Corrective Wave and pattern a, b, c. The price is expected to retrace to Fib level of 38.205/50.0%/61.80% and thereafter it will resume its bullish run and eat up all the liquidity highlighted in the chart analysis.
Chart Assessment predicts trade opportunity short with TP levels based on Fib levels 38.205/50.0%/61.80% whereas SL at formidable resistance level highlighted in the Chart.
P.S.This is an educational assessment and guess work and not trade recommendation.
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Chart Assessment predicts trade opportunity short with TP levels based on Fib levels 38.205/50.0%/61.80% whereas SL at formidable resistance level highlighted in the Chart.
P.S.This is an educational assessment and guess work and not trade recommendation.
Please Like, Subscribe and share for more Trend Analysis and Chart Assessments.