Sunday, April 16, 2017

#GBPUSD Daily Elliott Wave Count

#GBPUSD Daily Elliott Wave Count

Trade Thoughts - Long above 1.2706 - Short Below 1.1986

Targets - Long 1.3400 - Shorts 1.000 ?

The GBPUSD has been in consolidation since Oct. 2016 and I don't believe it will end any time soon.  Most counts you see are showing the bearish triangle so I though I would show a bullish version.  What I am showing is an ABC with the B wave triangle working on the E leg before the C leg up to the 1.3500 area.  

GBPUSD Daily Elliott Wave Chart

GBPUSD Daily Elliott Wave Chart
GBPUSD Daily Elliott Wave Chart