GBPUSD price moving towards 50 day moving average and 50% fibonacci retracement after target 1 reached (which represented measured move from channel breakout).
Move up represents pullback which may turn into longer term sell once reached.
Also represents c move in elliot wave.
Move up represents pullback which may turn into longer term sell once reached.
Also represents c move in elliot wave.
Note
Move turned into sell before MA touch. Price approaching Target 2
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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.