Bearrington15

GBPUSD Long pull back entry into Elliot Wave

Long
FX:GBPUSD   British Pound / U.S. Dollar
As it stands price is currently at EW4 which made a move up with a Bullish divergence to test the highs of 1.30056 before closing with a bearish trend bar. What i'm expecting is that price may pull back/corect to 1.27766 which may confluence with the middle level of the Andrew Pitchfork before rally up to complete EW5 or potentially start a sub wave on the lower time frames.

Potential long will be sought at 1.27832 - Alerts set

Watch and Wait

Bear Trader.
Comment: GBPUSD has continued it's ascent up - negating my analysis - with target 2 of the daily bull divergence fulfilled.

Potentially could find lower TF entries to get on board.

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