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Trade Signal Description:
Strategy : Elliott Wave
Symbols : GBPUSD
Type : Buy
Enter : 1.3540.1.3555
Stop Lost : 1.3510
Target A : 1.3600
Target B : 1.3650
Target C : 1.3700
Risk : Medium
Description : GBP/USD is currently consolidating in Wave (4) after a strong bullish impulse. We anticipate one more upward wave (Wave 5) toward 1.3600 and higher. A pullback entry offers a favorable risk/reward setup.

🔍 Elliott Wave Forecast for GBP/USD (1H): Preparing for Wave 5 Breakout

The current price structure shows a completed impulsive wave (1) followed by a corrective wave (2). A new bullish impulse has formed, and Wave (3) appears to be complete.
Now, the market is likely in Wave (4) of the ongoing bullish structure, with Wave (5) expected next — targeting a breakout above recent highs near 1.3580–1.3600.

The price is currently consolidating, showing potential for a pullback entry before the final push of Wave (5) unfolds.

✅ Elliott Signal (Wave-Based Setup)

  • Status: Anticipating completion of Wave (4) and start of Wave (5)
  • Direction: Buy
  • Entry Zone: 1.3540 – 1.3555 (pullback area)
  • Stop Loss (SL): Below 1.3510
  • Take Profit Targets (TP):
    • TP1: 1.3600
    • TP2: 1.3650
    • TP3 (Extended): 1.3700

⚠️ Invalidation Warning

If price closes below 1.3510, this wave count is likely invalid, and a deeper correction may be underway.

🟢 Signal Update – Closed with Profit at 1.3587

We entered the trade at 1.3540 during the anticipated Wave 4 pullback.
Due to increased volatility and potential reversal signs, we closed the position at 1.3587, locking in a +47 pips profit.

📌 If you are still holding for Wave 5 targets (1.3650 / 1.3700), we strongly advise moving your Stop Loss to breakeven to keep the position risk-free.

Trading Signals Guide

At FastPip, we provide trading signals based on a variety of proven strategies. Each signal reflects the logic and indicators of a specific strategy — giving you a transparent view of market conditions and potential opportunities.

Our signals typically include up to three Take Profit (TP) levels. Here’s how to manage them effectively:

  • Once the price approaches TP1, move your Stop Loss (SL) to the entry point to make the trade risk-free, and adjust your TP to the second target.
  • When TP2 is reached, update your SL to the first TP level, and set your TP to the third target, if available.
  • If TP3 is the final target, close the trade entirely once it’s hit.
  • Alternatively, you may partially close the trade at each TP and let the remaining position run until the final TP.

Each signal also includes a risk level:
🔹 Low – Conservative setup
🔸 Medium – Standard volatility
🔴 High – Elevated risk due to market events or upcoming news

Important: When a signal is labeled as High Risk, it may be due to upcoming economic news or increased market volatility. In such cases, it’s strongly recommended to reduce your position

Signal Disclaimer

The trading signals provided by FastPip are intended for informational and educational purposes only. They do not constitute financial advice or a recommendation to buy or sell any financial instrument.

Trading in financial markets involves significant risk, and past performance is not a guarantee of future results. You are solely responsible for any trading decisions you make based on our signals.

It is essential to:

  • Strictly follow the recommended Take Profit (TP) and Stop Loss (SL) levels. Ignoring these may lead to higher-than-expected losses.
  • Adjust your trade size according to your actual account balance.
  • Never trade with borrowed money, loans, or funds you cannot afford to lose.
  • Trading should only be done using spare capital that is not needed for essential expenses.

If you lack experience or financial knowledge, we strongly recommend seeking guidance from a licensed financial advisor.

 

FastPip bears no responsibility for any financial losses incurred through the use of its trading signals.

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