FX.co ★ Wave Wisdom: Mastering the Art of Wave Marking in Forex!
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Wave Wisdom: Mastering the Art of Wave Marking in Forex!
Hello traders, the GBP/USD pair is also repeating the movement in the recent impulse similar to the euro and the dollar index, except that with GBP/USD, we can consider truncation in the fifth wave in (1) in (C). In this case, if the pair continues to decline at the beginning of the new week, we can somewhat consider the second wave in (C) with some stretch. However, if we see continued growth at the beginning of the week and manage to update the maximum, then we will have a clearer impulse, and the pair will complete the fifth wave in (1) in (C). By the end of the week, similar to the euro and the dollar index, we will make a correction in the second wave in (C).