GBPUSD, elliotwave update 25.07.2020, watch 1.27740$
It seems that the previous prediction was right and we are at the box I plotted in the last (linked) analysis
I will only consider a reversal if I see a candle closing bellow 1.27740$
also the whole Analysis will be invalidated in if we crosses the line plotted as red at 1.28150$
based on the fact that the Ending diagonal is "thrown over" if the reversal happens it will be fast and sharp
for bearish setup:
1- wait for the confirmation price(1.27740$) to break
2- wait for a pull back and then short
3- stop loss at 1.28150$
I will only consider a reversal if I see a candle closing bellow 1.27740$
also the whole Analysis will be invalidated in if we crosses the line plotted as red at 1.28150$
based on the fact that the Ending diagonal is "thrown over" if the reversal happens it will be fast and sharp
for bearish setup:
1- wait for the confirmation price(1.27740$) to break
2- wait for a pull back and then short
3- stop loss at 1.28150$
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