GBPUSD alternative view might be the most likely
Updated
My alternative outlook for GBPUSD seems more and more reasonable so I want to warn those who are long from the previous calls. We had a good run but it just doesn't look good enough for me for that wave C higher. It still can happen but I like to have a plan B when I need one. To me that alternative scenario will be a triangle for GBPUSD comparable to EURUSD.
If we see the break lower I expect at least to see a test of 1.3050ish. Then we will reevaluate whether we need another E leg higher or not.
facebook.com/wwwtimstuytscom
If we see the break lower I expect at least to see a test of 1.3050ish. Then we will reevaluate whether we need another E leg higher or not.
facebook.com/wwwtimstuytscom
Note
Moved lower as expected, if it consolidates then look for sell towards at least the yellow zone.
Related publications
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.