GBPUSD : Harmonic wave analysis and forecast for April 25,2022 - May 06,2022

GBPUSD : Harmonic wave analysis and forecast for April 25,2022 – May 06,2022

— GBPUSD on a daily base chart for the next two weeks trading days  —

Potential bullish crab pattern almost formed right on the bearish wave5 starting zero from the swing high point ( A ) it’s right time to turn around

Main scenario is Bullish

Long at Round Number —- 1.2750 

Stop Level ——————- 25p to 50p Risk

Target 500p Profit —————- 1.3250

Alternative scenario is Bearish

Short at Round Number —- 1.3000 

Stop level——————- 25p to 50p Risk

Target 500p Profit —————- 1.2500

Disclaimer :

  • No obligation to follow
  • Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors, all trading decisions are your own.

View on chart below 👀 

GBPUSD-APRIL 25,2022 - MAY 06,2022 

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