GBPUSD was forming a rising wedge or a leading diagonal for elliott wave 1 or A which is followed by a sharp correction. One can short the pair and look for targets around 50% to 61.8% retracement or wait for a long opportunity after the correction is over for a Wave 3 or B wave. Lots of trading opportunity coming up on this pair.
Happy Trading!!
Happy Trading!!
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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.