Hello traders
According to my wave count GBP/USD is on a corrective wave right now, i expect prices to break below the previous low at 1.3731 and if that happens price can go as low as 1.3400 since we will have bearish head & shoulder pattern breakout level, please be advice that is a 4 hour chart and if my analysis is right it make take several weeks to reach my targets
I will enter short on this trade once a breakout occur below lower trendline of triangle on wave 4
happy trading
According to my wave count GBP/USD is on a corrective wave right now, i expect prices to break below the previous low at 1.3731 and if that happens price can go as low as 1.3400 since we will have bearish head & shoulder pattern breakout level, please be advice that is a 4 hour chart and if my analysis is right it make take several weeks to reach my targets
I will enter short on this trade once a breakout occur below lower trendline of triangle on wave 4
happy trading