FX.co ★ mdouglas | Wave Wisdom: Mastering the Art of Wave Marking in Forex!

Hello traders, today Alexander decided to post a review earlier in the morning :) Quite unexpected. Regarding the GBP/USD pair, most likely there won't be a continuation of the fifth wave; instead, there might be a correction in wave (2) in (c) in (B), or a reversal and the formation of a new upward impulse in the medium-term perspective, with the pair rising towards 1.400. It is possible to complete the fifth wave in wave (c) in (B) at the minimum, so I do not exclude the possibility of the pair turning upwards, ultimately continuing the current rise. If they manage to break the minimum, then perhaps the fifth wave will be continued today, but the chances are not high. If they can continue the rise above 1.3500, then this will cancel the correction in wave (2) in (B). Currently, this possibility exists, if we do not break 1.3500 and turn south with a new minimum update.