Anaysis of the GBPUSD 1H
So here we have the forex pair EURGBP
We had a up trend which was broked ( BOC ) . The zone POC was retested and i took my entry on the 2h chart with a good confirmation of the retest .
We had our Eliott wave that started such before the breakout .
So talking about where the price is now , his ranging in a zone of support . Probably he would go up ( we can trade that movement in the 15min timeframe ) until my other zone of resistance to retest it and like that our 4th wave of eliott will be done with that retest and then we'll have our 5th wave until our last support zone and which is the previous start of our previous up trend broken .
We had a up trend which was broked ( BOC ) . The zone POC was retested and i took my entry on the 2h chart with a good confirmation of the retest .
We had our Eliott wave that started such before the breakout .
So talking about where the price is now , his ranging in a zone of support . Probably he would go up ( we can trade that movement in the 15min timeframe ) until my other zone of resistance to retest it and like that our 4th wave of eliott will be done with that retest and then we'll have our 5th wave until our last support zone and which is the previous start of our previous up trend broken .
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