This is a very short term Elliott Wave analysis on GBPUSD. After coming out of the triangle correction segment, the price should start an entirely new set of impulse waves. It is important to note that the targets were acquired by using fib replacements and not supports.This can help predict new targets, but is somewhat inconsistent. I suggest an immediate buy on reversal watching the 15 or 30 min, this will avoid the change in trend as much as possible. With this technique, the stop loss can be set to a low value and almost guarantee profit. It is very unlikely that this new trend will be broken due to its stable RSI. Good luck!
Kommentera:
Timing was a little off, but the plan is still ago.