GBPUSD
W1 - The price has corrected by more than 50% from the impulse of the 1st wave, which may indicate the potential beginning of the 3rd wave, globally the target is level 161 1.13503.
D1 - The price has formed a 3-wave structure and broken through the trend line; sales can be considered with global goals for W1. For D1 the global levels will be 1.20302
What can you expect?
You can consider entering from the level of ~1.26006 with further movement to the target 1.23871. Cancellation of the idea, so as not to take increased risk on the idea, levels beyond the end of the 1st wave - 1.27327.
Long
Targets 1.25192 - 1.24674 - 1.23871 - 1.20302
W1 - The price has corrected by more than 50% from the impulse of the 1st wave, which may indicate the potential beginning of the 3rd wave, globally the target is level 161 1.13503.
D1 - The price has formed a 3-wave structure and broken through the trend line; sales can be considered with global goals for W1. For D1 the global levels will be 1.20302
What can you expect?
You can consider entering from the level of ~1.26006 with further movement to the target 1.23871. Cancellation of the idea, so as not to take increased risk on the idea, levels beyond the end of the 1st wave - 1.27327.
Long
Targets 1.25192 - 1.24674 - 1.23871 - 1.20302