156
Trader, analyst and instructor with a 6-year experience

GBP/USD: weekly wave analysis

Weekly. The pair’s forming downward Zigzag ABC. After having completed the plane wave B the pair has started declining within the new downtrend C.

Daily. Wave [2] is taking form of a complex corrective wave, which is a Double Triple. The next week we expect GBP/USD to build the final part of this wave.

H4. The market generates an upward Zigzag (y). After completion of the waves A and B we see the development of the final upward impulse C of (y) of [2]. When this wave is completed, a new downtrend will begin, so you need to be prepared.

GBP
Scroll to top