Get started
IK-Trading

GBPUSD - Correction not over yet

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
IK-Trading  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
5
1
trendanalysis harmonicpatterns chartpattern
The GBPUSD chart showing a correction from its last bullrun. As of the Elliot wave theory, we might see a correction of 3 waves. Currently, we can see AB fulfilled, which leads us to another corrective wave. The downside of my idea comes from the DXY, where the USD can still move lower.

What do you guys think?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.