Its being a while since our last Elliott Wave Signal.We see some profit form our last analisis and now we are ready for new Cable Elliott wave signal.

Currency pair : GBP/USD.

GBP/USD Elliottwave Signal :-

Currency Pair = GBP/USD

TimeFrame = 4Hrs

Signal = Limit Sell signal at 2.0250-2.0270 area.

Risk Reward Ratio = 5.X

Target for Submicro Wave iv at 1.9945 - 1.9965 area.

Current Market price is at 2.0193,we assume there is still a space in upper resistance at 2.0270 area which can be label as wave v.Still if Cable failed to break previous high at 2.0231 we could assume yesterday high at 2.0219 will be a high of corrective wave b with a target wave c at bottom of possible wave 2(see pic below).

The could be a three wave down(a-b-c) toward our wave 2 down target.

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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.

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