Your browser does not support JavaScript!
GBPUSD Elliott Wave Blog!

GBPUSD Elliott Wave Theory in Action

GBPUSD Elliott Wave Forex  1 + 4 hr - 31 Jan 2019

GBPUSD Elliott Wave Forex 1 + 4 hr - 31 Jan 2019

Elliott-Wave-Forex-G...

GBPUSD Elliott Wave Forex 1 + 4 hr - 31 Jan 2019

Gbp/Usd 1 Hour Chart
Tuesday, 29 January 2019 at 7:12:00PM AEST

GBPUSD is coming down from the high but not so aggressively; we see very slow price move so it's probably wave four corrective set-back that can still reach lower prices, maybe at 1.3060 before uptrend resumes for 1.3300.

gbpusd1hr01-29


Gbp/Usd 4 Hour Chart
Tuesday, 29 January 2019 at 5:41:00PM AEST

No change.
GBPUSD is recovering sharply from the 1.267 level, giving us a sign that corrective wave 2)/B) had ended, and that now wave 3) or C) is in play. In such case, a five-wave rally is expected to show up, which can later stop and look for resistance near the 1.330/1.3400 area. That said, currently we are observing price unfolding corrective leg 4 of 3)/C), which can face support and a bounce into a new high near the 1.311/1.304 region, where Fibonacci ratio of 23.6 and the 38.2 sit.

gbpusd4hr01-29

 


GET A TRIAL MEMBERSHIP HERE

$1 for a 20 Day Trial Membership to see for your self!


Education: Elliott Wave Structures

Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.


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

Related

Not any article

Tags

Categories

Share

You need to login in order to comment
What our clients say
Latest GBPUSD posts

 Get Your Trial
20 Days for $1

 

WHAT YOUR TRIAL INCLUDES
At TradingLounge we offer our Members access to all areas!

  • Our coverage means you get maximum flexibility in your trading options
  • Trade Signals for Share + CFD trading
  • Analysis + Trades updates every day
  • Elliott Wave specialists
  • Discretionary strategies to take away

 

Our huge range of markets include charts + videos for:

  • Indices – US, Asian + Euro
  • Commodities – Gold, Oil
  • Forex daily – Primary pairs + US Dollar Index
  • Buy/Sell Trade Signals – ASX, US + UK stocks – selection, set, come back next day


Also included so your trading can really improve:

  • TradeCheck to check your own analysis or trades
  • CFD Analytics Software to calculate, manage and track your trading
  • Trading Education plus One-2-One Class
  • Phone + Email support
  •  
AddThis Sharing
AddThis Sharing