GBPUSD Long pull back entry into Elliot Wave

7 Eki 2020

As it stands price is currently at EW4 which made a move up with a Bullish divergence to test the highs of 1.30056 before closing with a bearish trend bar. What i'm expecting is that price may pull back/corect to 1.27766 which may confluence with the middle level of the Andrew Pitchfork before rally up to complete EW5 or potentially start a sub wave on the lower time frames.

Potential long will be sought at 1.27832 - Alerts set

Watch and Wait

Bear Trader.

12 Eki 2020

Not

GBPUSD has continued it's ascent up - negating my analysis - with target 2 of the daily bull divergence fulfilled.

Potentially could find lower TF entries to get on board.