Elliott Wave Analysis: GBPUSD Looking Lower

Gregor Horvat Wavetraders

GBPUSD is making a sharp three wave move to the downside, which can be an indication that wave C) found a top at the 1.3126 level. If that is the case, then we will ideally see a five wave move develop to the downside and a breach below the bearish 1.28.11 level.

GBPUSD, 1H

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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