GBPUSD
H4 - The price has formed a 3-wave structure, with the breakout of 1 wave (breakout of the trend line), you can consider buying with minimal risk on the idea. Maximum targets at 1.27329
You can also observe the formation of a triangle to continue the movement downward along the 3-wave structure on D1. When the triangle line is broken, we can expect continued movement along the trend.
What can you expect?
Long - You can consider entering from the level of ~1.25959 with further movement to the target 1.27329. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave - 1.25959
Short - You can consider entering from the level of ~1.25377 with further movement to the target 1.23565. Cancel the idea so as not to take increased risk on the idea, trend line levels - 1.25915
Long
Target 1.26239 - 1.26467 - 1.26814 - 1.27329
Short
Target 1.24994 - 1.24471 - 1.24140 - 1.23565
H4 - The price has formed a 3-wave structure, with the breakout of 1 wave (breakout of the trend line), you can consider buying with minimal risk on the idea. Maximum targets at 1.27329
You can also observe the formation of a triangle to continue the movement downward along the 3-wave structure on D1. When the triangle line is broken, we can expect continued movement along the trend.
What can you expect?
Long - You can consider entering from the level of ~1.25959 with further movement to the target 1.27329. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave - 1.25959
Short - You can consider entering from the level of ~1.25377 with further movement to the target 1.23565. Cancel the idea so as not to take increased risk on the idea, trend line levels - 1.25915
Long
Target 1.26239 - 1.26467 - 1.26814 - 1.27329
Short
Target 1.24994 - 1.24471 - 1.24140 - 1.23565
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.
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.