GBPUSD. Looking for a Wave C
Updated
Pound Sterling performed much better against the US Dollar than other currencies which form DXY benchmark: while the whole Dollar Index gained 5% since October 2016, GBP gained 7% to the Dollar Index.
I believe the correction hasn´t completed yet and expect one more leg up. Will long 1.245, targeting 1.34 to be achieved before the end of the year. This movement would complete the correction Wave 4 and open space for further decline.
I believe the correction hasn´t completed yet and expect one more leg up. Will long 1.245, targeting 1.34 to be achieved before the end of the year. This movement would complete the correction Wave 4 and open space for further decline.
Note
We still have to arrive to the target values. Waiting to reach the key levels of 1.244 or 1.233Note
Ready to open a long positionNote
Price has gone a little bit lower than expected but I´m watching to long this pair. Possible entry levels: 1.223 and 1.210Trade active
Longed 1.223 on Friday, moved to breakeven. Let´s see what happens on a thin marketTrade active
Longed 1.22, at breakeven nowTrade active
Excellent day today for adding longs!Note
Following the pair on a newer chart
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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