Trader, analyst and instructor with a 6-year experience

GBP/USD: wave analysis (May 5)

Authored by Roman Petuchov

Weekly. The pair is moving in a rising impulse [c] of B. The pair is expected to reverse in the near term.

Daily. Corrective wave (iv) is now being formed. 

H4. See the detailed B markup. This is going to be a simple zigzag. Wave (5) is now being formed. 

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