Picture is becoming clear

Pound is under strong pressure. I am expecting bottom around 1.25 or 1.22. If price touches these levels then i will look for longer term wave to the upside which is due on GBPUSD. Remember this pair was being traded at 1.60 at the end of the last year. We may see this level again in future. Currently price is under corrective structure which may form trend continuation pattern and that pattern may breakdown.

Note

I have posted GBPUSD analysis video on youtube please watch it. I am sorry i cant post link here due to House Rules. Search on youtube by this name please.

( GBPUSD Analysis 17 August 2016 )

Thanks

Note

GBPUSD is moving according as i was speculating 1 month ago if you have now watched my GBPUSD Analysis video then please it now so that you may understand how wave patterns work and how we can identify them by drawing structure. Here is the next update.

Note

Search video by this name please.

( GBPUSD Analysis 17 August 2016 by wave trader )

Note

GBPUSD, Price is about it hit the flag top watching closely for sell setup. Here is the update.

Note

Note

Wave-Trader

For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran

Also on:

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.

Wave-Trader