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GBPUSD: Upwards Correction vs Downtrend Reversal !

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In our previous analysis GBPUSD: Is Cable`s Consolidation Complete Yet ?! Cable unfolded exactly as expected and targets were reached and exceeded locking in 156 pips in profit. On the other hand, the alternate count expects that wave (c) green is incomplete and that it is unfolding downwards. We are updating the main count according to the latest price action which now expects Cable to unfold upwards to complete the final leg within wave 2 of minor degree. On the other hand, the alternate

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