Elliott Wave Free Forex Signal

Currency pair : GBP/USD.

Cable has started its new wave and we could see it reached our 1st target from last GBP/USD Elliottwave Signal :-

Currency Pair = GBP/USD

TimeFrame = Daily

Signal = BUY advice at 1.9700 area.

Risk Reward Ratio = 9.XX

Target for Subminuette Wave3 at 2.0095 area.

However there is a possible higher target of the next wave degree at 2.0230 area, which is in wave 5 of Minuette and wave3 of Minute.

On Last Signal advise,I put a buy seignal around 1.9700 area and a target at end of Subminuette at 2.0095 area with a good RRR of 9 point.

Cable are now hovering at 1.9840 area which rewarded a 100+ point if you catch my first signal.

With current GBP/USD move,I will provided a second GBP/USD Elliottwave signal :-

Long term trade.

TimeFrame = Daily.

Signal = Buy market advise with a stop at 1.9680.

Risk Reward Ratio = 5.0

Target Profit for Minute Wave3 at 2.0300 area.
Longger term target would be at 61.8% fibonacci at 2.0600 area.

Possible of next Elliottwave :-

Ellottwave Extension wave 3.
With current low at 1.9700 area we could assume that the low is the 4th minor wave.
This wave also hit Elliott bigger wave 3 channel,next pattern has been defined as a trend pattern in which bigger wave 3 is extended.
With the internal retrace of first wave at 60% and the second wave reached 60% this is
give a support to our next elliottwave pattern.
If next wave 3 is extended,then next wave 5 should equal to wave 1 in time and price manner.
Often the extension is preceded by a failure ar an expanded flat in the previous wave C.

Popularity: 19% [?]