GBPUSD Wave Analysis 10 JUN 19
Updated
Hello traders,
GBPUSD weakness on MAY month will continue on medium term. In short term we can expect Corrective ABC move on this pair.
GBPUSD fell to 1.2630 support level on coming weeks to finish the B wave, From here Buyers push the sterling to 1.2830 to 1.2860 levels.
MY ENTRY LEVEL ON COMING WEEKS:
SIDE: LONG
BUY @ 1.2630 -- SL @ 1.2500 -- TP @ 1.2830
GBPUSD weakness on MAY month will continue on medium term. In short term we can expect Corrective ABC move on this pair.
GBPUSD fell to 1.2630 support level on coming weeks to finish the B wave, From here Buyers push the sterling to 1.2830 to 1.2860 levels.
MY ENTRY LEVEL ON COMING WEEKS:
SIDE: LONG
BUY @ 1.2630 -- SL @ 1.2500 -- TP @ 1.2830
Note
GBPUSD reached first level of of support... I am going to lower my entry point to 1.2605...Note
After Sterling reached first level of support @ 1.2655 and went upside upto 1.2700 psychological level... Rejected from 1.2700 level continue its corrective downside on coming days... as i mentioned in previous comment i am revised my long entry level to 1.2605...Note
Yesterday Newyork session gain is limited by 1.27000 psychological level. This act as short term strong resistance and send the pair to 1.2630 and 1.2605 levels on coming days.Note
Today London session send this pair to above 1.2700, i looking immediate sell off from 1.2720 level... I am entered short @ 1.27191 level... Counter trend trade...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.