1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Further GBP Weakness Expected By Fibs And Wave Structure

Discussion in 'Technical Analysis' started by Kaitlin, Jun 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The GBP/USD seems to building a 5 wave structure (blue) within the wave 5 of the 4 hour chart. Wave 4 (blue) respected the 50% Fibonacci level. A push above the 78.6% invalidates the wave 4. A break below the support trend line (green) could start the wave 5 (blue).[​IMG]

    Continue reading...

Share This Page