GBPUSD Bullish Continuation ACTIVE

GBPUSD

In our previous projection (see link below), market was predicted to visit 1.40000 area with a probability to break the level and continue lower.

Instead, price respected the level and bounce back . The Elliott Wave pattern suggests Market has completed 4-waves and has a high probability to continue higher for a 5th Wave.

Elliott Wave bullish move appears to form confluence with market structure which have been developing High Highs and Higher lows (in a channel) since 12th of April.

Trading decision: Potential Buy with price objective at 1.4375 area.

#For Educational Purpose NOT Investment Recommendation.

Operación activa:

Looks good!

Operación cerrada manualmente:

The market is still bullish, but I have to close it. I'm impressed!