GBPUSD Wave 5?

٢٧ أكتوبر

GU on the weekly looks set to be climbing to higher highs from here. However the corrective wave on lower timeframe is not very convincing. It might a complex ABC wave. I will take the trade with a tight stop loss.

Confluence:
H4 divergence
Point of control
Lines up with Elliot wave rule

Points to take note:
Corrective wave is not clear