Hey Traders, GBPUSD started to make interesting structure, lets explain this in detail
Most of you know that we were looking for and up move from 1.3000 to 1.3300 and after that a corrective structure started followed by another correction and we said GBPUSD has more down to go. For us, GBPUSD is not ready to shoot up as yet, we can see it breaking the low (1.3000) once more before any up wave and this is where we will start to look for buy setups and manage our trades
What if we get a correction after breaking the low? If that happens, another down wave will be coming towards 1.2700 levels
For now, we can see it breaking the low, grabbing liquidity and pushing up to complete another structure
P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET OUR 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
Trade with care
We Trade Waves Team
Most of you know that we were looking for and up move from 1.3000 to 1.3300 and after that a corrective structure started followed by another correction and we said GBPUSD has more down to go. For us, GBPUSD is not ready to shoot up as yet, we can see it breaking the low (1.3000) once more before any up wave and this is where we will start to look for buy setups and manage our trades
What if we get a correction after breaking the low? If that happens, another down wave will be coming towards 1.2700 levels
For now, we can see it breaking the low, grabbing liquidity and pushing up to complete another structure
P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET OUR 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
Trade with care
We Trade Waves Team
Note
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WTW Team
Related publications
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.
Don't waste your time & money JOIN WTW Today and Learn How To Trade Correctly!🔥📈
Sign Up here: wetradewaves.com
WTW Team
Sign Up here: wetradewaves.com
WTW Team
Related publications
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.