GBP/USD Intraday Idea short to 1.2090 then another bounce
Updated
We can clearly notice the corrective intermediate 4th wave unfolding since 27th of march high @ 1.2485 and it's a flat pattern with final wave (c) 5 waves ending with expanding triangle formation.
also we can see an exact confluence of projected targets ABC and wave E of the expanding triangle at 1.2088
Recommendation
Short GBP/USD til 1.2090 then reverse position to buy (aggressive traders)
wait for wave E to unfold and buy around 1.2090 (conservative)
also we can see an exact confluence of projected targets ABC and wave E of the expanding triangle at 1.2088
Recommendation
Short GBP/USD til 1.2090 then reverse position to buy (aggressive traders)
wait for wave E to unfold and buy around 1.2090 (conservative)
Trade active
short @ 1.2362 now live :) stop loss 1.2390 -- minimum risktarget 1.2100
Trade active
Important Notice : target will be updated once we recognize the internal wave structure of wave E and i will post updated target. and buy limit order .
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