GBPUSD: Elliott wave analysis and forecast for 23.04.2021 – 30.04.2021
Main scenario: consider short positions from corrections below the level of 1.4237 with a target of 1.3572 – 1.3158 once the correction is completed.
Alternative scenario: breakout and consolidation above the level of 1.4237 will allow the pair to continue rising to the levels of 1.4450 – 1.4700.
Analysis: presumably, the first wave of larger degree (1) finished developing on the daily time frame, with wave 5 of (1) formed inside. A descending correction started developing as wave (2) on the H4 time frame, with wave A of (2) formed inside. Apparently, wave B of (2) is developing on the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6hEr
