GBPUSD Elliott Wave Analysis: Bearish Towards 1.6300 Level


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


GBPUSD has finally moved to the downside at the end of the last week, through 1.6470, into a third leg of decline from the top that can be wave (iii) heading towards 161.8% Fibonacci extension target that comes in around 1.6300. We will be looking down now as long as 1.6625 is not breached.

GBPUSD 4h Elliott Wave Analysis

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GBPUSD 1h

GBPUSD is one of the weakest today, now already beneath 1.6350 after recent 100pip fall with accelerating price action that we think represents part of a red wave iii) that may look for a support around 1.6300.

GBPUSD 1h Elliott Wave Analysis

Written by www.ew-forecast.com

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27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.