In this 2nd analysis, I see the following what Great Britain Pound forming a bullish momentum shortly, this it's a pull back as I said in my previously analysis of GBP/AUD.
Now, in this timeframe, this it's the H4 timeframe and I see that we ending this Elliot Wave Analysis that I draw in H4 timeframe and also, I mark this confluence of Fibonacci 0.382% and 0.618%. This one of these could be the next stop of resistance key, but Great Britain Pound has chance to reach the 0.618% of Fibonacci as we're in the bullish momentum.
Also in H1 we forming a bullish flag channel and this mean that bulls are in this moment. So guys this will be my next trade in Forex as yesterday I predicted very well my analysis of USD/JPY and take my profit in my exactly level.
Good luck in this trade!!!
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.