GBPUSD is approuching the upper range area which I believe has plenty of sellers waiting. I'll be entering at 1.3340 where I expect the largest orders to be parked at 1.33720.
There is a ending diagonal pattern that has taken shape. Formation that can happen in a wave C for you Elliott fans. Pattern or no pattern, I expect the upper boundary to be an area worthy or a sell limit order.
There is a ending diagonal pattern that has taken shape. Formation that can happen in a wave C for you Elliott fans. Pattern or no pattern, I expect the upper boundary to be an area worthy or a sell limit order.
The upper swing level is currently holding. If price happens to reach the 1.3372 level id expect allot more sellers in that area to cause a larger reaction. Lower box is still my target.