GBP/USD Still bearish for 1.2090 - 1.2076 area
Updated
The count changed from yesterday report as we have a degree invalidation and over lap between minute waves 1 and 4 please see yesterday report
linked to this idea
so we changed the count of wave 4 to WXYXZ as you can see with the same bearish view
the targets now can be seen in 1.2088-1.2074 area
Recommendation :
Still Short if you are for the previously mentioned target stop loss 1.2390
wait for buy signal after completion of final bearish move
linked to this idea
so we changed the count of wave 4 to WXYXZ as you can see with the same bearish view
the targets now can be seen in 1.2088-1.2074 area
Recommendation :
Still Short if you are for the previously mentioned target stop loss 1.2390
wait for buy signal after completion of final bearish move
Trade active
Important Note for short traders we all know that short is risky here although we have a reasonable count
so it's highly recommended to be very cautious the stop loss value specified before 1.2390 is not valid as we may see the final leg of wave x around 1.2399 1.2420
Comment
our view is the same here we still waiting for bearish confirmation to 1.2090 level for our buy orderhave a nice trading
Trade active
As expected in latest update 1.2420 area was tested before bearish continuation waiting to see clear bearish pattern or count :)
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