Good morning guys, yesterday’s GBPUSD has gone precisely with my first scenario. Today, as we can see, a form of Elliot has been created and we can expect it continue ascending to the yesterday’s resistance 1.1971. Therefore, today’s forecast would be:
1st: it would ascend to 1.1938 then retest back to 1.1893, we could place buy position here with confirmed signal, SL 1.1863, TP 1.1938, 1.1971.
2nd: if it break through the trendline support area, we will have to wait to see what happens next at 1.1708. Once it retest and cannot break 1.1742, we can confidently place sell 1.1740, SL 1.1760, TP 1.1674, 1.1598.
Good luck guys. #GBP/USD#
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