Empiece
fxmillions

GBPUSD enters the 4th wave of the Cycle degree

Largo
Libra esterlina/Dólar estadounidense (FX:GBPUSD)  
fxmillions Actualizado   
FX:GBPUSD   Libra esterlina/Dólar estadounidense
GBPUSD Elliott Wave 4th-wave cycle-degree
9
0
gbpusd elliottwaves 4th-wave cycle-degree
If you must trade the cable next week, look for buy opportunities. I say if you must because, the ATR is in the rise and 14 day period ATR of the H4 stands at 200 pips. So be protective and expect big moves back and forth. If you can get this trade, it will easily cover 300 to 500 pips. See my detailed explanation, analysis and forecast
Comentarios:
Correction: H4 ATR is actually 107 pips and not 200 ATR on the daily chart is around 202 pips.
Comentarios:
The structure is looking bearish once again. So no trade. Since its presumably in the 4th wave correction, price is likely to move back and forth. Lets wait for the next impulse...

Ideas relacionadas

fxmillions
Cable has more downside left - But a correction is on the way
fxmillions
GBPUSD - Identical Elliott wave structure of the last weeks WXY
fxmillions
Possible WXY in the GBPUSD Hourly chart
fxmillions
A few hundred pip recovery is on the cards for the cable
fxmillions
ZigZag is complete. What next?
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.