The GPBUSD pair last week formed a temporary top and reversed lower. Towards the end of the trading week GBPUSD made lower lows and lower highs signalling the pair was in a downside trend. Traders use confluence zones to catch possible trade setups. Confluence zones are when 2 or more trading techniques/strategies come together and […]
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD, published in members area of the website. As our members know GBPUSD has incomplete bearish sequences in the cycle from the 12/13 peak. The pair is targeting 1.2668 area ideally . Consequently, we advised […]
GBPUSD decline from Dec 13, 2019 high is unfolding as Elliott Wave impulse structure and while bounce stays below there, pair can see more downside.