GBP/USD has possibly finalized the Ending Diagonal and could start a deeper Bearish Sequence. if Breach of the Pivot, I will be very Bearish moving forward.
@Tarot, been taken out man..invalidated, went up like a rocket, it will reverse soon but i will have to review first
Tarot
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Hi,
You sad " if Breach of the Pivot " could you tell me please " where is pivot " thank you
BGLion
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Hi @Lionheart-EWA, thank you for your EW analysis! I have one question according the last minuette wave (v) - why the wave have 3 inner waves (abc) and not 5 wave structure? Maybe I am missing something. Thank you
Lionheart-EWA
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@trading4fun, Hi! You're welcome. The answer is simple: the structure is an ending diagonal in a higher degree and an ending diagonal presents impulsive and corrective features, therefore it is labeled with abc sequence in all waves in this case.
BGLion
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@Lionheart-EWA, Thank you for the quick answer! I forgot to check the ED inner structure. Anyway I am already short but expected 1 more minuette up. COT report have also extreem readings which support the big drop.
UnknownUnicorn1632171
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You have expressed that GBP will loose the ground against USD while Euro will increase against USD at the same time, Don't you think that two forecasts conflicts each other ?
GBP has a chance to reach 1.4100-1.4200
Lionheart-EWA
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@Macrown, Please check my updates on EUR, i am expecting a significant correction. USD Reversal in play, making EUR and GBP vulnerable. One request: please do not comment without checking more details first. Thank you.