GBPUSD Sell Setup ~145pips
Updated
Price has been in a correction on the H4 timeframe since last Friday.
Following the Elliot wave correction, and price cycle for the week, Price was bearish Monday, bullish on Tuesday, Wednesday and Today (Thursday). I am expecting a bearish Friday. As confluence, price action is currently in the last phase of the correction.
I would be watching to sell with confirmation in price action.
My target is 145pips to 1.23056.
Following the Elliot wave correction, and price cycle for the week, Price was bearish Monday, bullish on Tuesday, Wednesday and Today (Thursday). I am expecting a bearish Friday. As confluence, price action is currently in the last phase of the correction.
I would be watching to sell with confirmation in price action.
My target is 145pips to 1.23056.
Comment
Entry is coming up.Trade active
I would be taking 90% profit off my current trade. I thought we would meet target today, but there is a pullback coming.Trade active
Currently in a buy.Trade closed: target reached
I closed everything at my first target. Order cancelled
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