GBPUSD has completed 5 waves on the weekly timeframe
and has retraced.
We have completed 5 waves on the daily (creating a wave 1 of Wave 3)
We have retraced the wave 1 of 3 (wave 2 of wave 3 complete)
What is about to come is a Wave 3 of Wave 3 , then 4 of 3, then 5 of 3.
The 4 hour chart is showing a bullish reversal candle
If the 4hr candle closes at (1pm EST) 2 hours from now in a bullish manner, we have permission to seek out entry.
First target 1200 pips
Second target 3200 pips
All the best to you.
and has retraced.
We have completed 5 waves on the daily (creating a wave 1 of Wave 3)
We have retraced the wave 1 of 3 (wave 2 of wave 3 complete)
What is about to come is a Wave 3 of Wave 3 , then 4 of 3, then 5 of 3.
The 4 hour chart is showing a bullish reversal candle
If the 4hr candle closes at (1pm EST) 2 hours from now in a bullish manner, we have permission to seek out entry.
First target 1200 pips
Second target 3200 pips
All the best to you.