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Forex GBPUSD Elliott Wave News 1 + 4 hr-27 Nov 2018

Forex GBPUSD Elliott Wave News 1 + 4 hr-27 Nov 2018

Elliott-Wave-Forex-G...

Forex GBPUSD Elliott Wave News 1 + 4 hr-27 Nov 2018

GBPUSD 1 Hour Chart
Wednesday, 21 November 2018 at 9:03:00PM AEST

While EURUSD is making three wave decline that’s when cable may again touch the lows as recovery to 1.2880 was also very slow and corrective.

gbpusd1hr11-21
GBPUSD 4 Hour Chart
Monday, 26 November 2018 at 6:29:00PM AEST

GBPUSD can be trading in wave B as part of a bigger complex correction. Specifically we see sub-wave C) of B in play, which can be unfolding a EW ending diagonal, and can look for support and a bounce near the 1.260 region. That said, a later rally in impulsive fashion and a break above the 1.293 level would confirm a low in place and more upside.

gbpusd4hr11-26

On count #2 we see price unfolding a more complex correction, a triangle in wave B which can point higher, once fully developed.

COUNT #2

gbpusd4hr11-26-2

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Forex GBPUSD Elliott Wave, Forex GBPUSD, GBPUSD Elliott Wave, Forex, GBPUSD, Elliott Wave,

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