GBPUSD impulsive wave
my elliotwave and price action analysis show that the price are moving in bullish impulsive direction.the price will make a correction before continue moving upward.
the target area to put buy order on this pair is 1.52787 area.the target profit will be on 1.53890 that is the resistance level on weekly.
the other reason to go long for this pair is the morning start candlestick formation on weekly.on the daily candle, there are huge movement from the previous candle.whick make the price are in overbought condition and will make a correction before continue moving upward.
disclaimer
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this idea was created for the purpose of learning only. not the signal for traders to put order.all trading will be on your own responsibilities.
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the target area to put buy order on this pair is 1.52787 area.the target profit will be on 1.53890 that is the resistance level on weekly.
the other reason to go long for this pair is the morning start candlestick formation on weekly.on the daily candle, there are huge movement from the previous candle.whick make the price are in overbought condition and will make a correction before continue moving upward.
disclaimer
--------------------
this idea was created for the purpose of learning only. not the signal for traders to put order.all trading will be on your own responsibilities.
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