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GBPUSD 5th Wave Bearish Extension
British Pound / U.S. Dollar
Short
GBPUSD 5th Wave Bearish Extension
By CodeAndQuant
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Updated
Jul 14, 2016
5
Jul 14, 2016
Heading into BOE later today we favor selling 1.3230 or better for 1.3010 TP
3x reversal @ 1.3285 for Break Even or profits into 1.3420
Setup matches up nicely with orderbooks at the London Open.
Jul 14, 2016
Trade closed: target reached
1 Lot Short at 1.3220 closed at 1.3420 = -190pips
3 Lots long at 1.3290. Executed at 1.3320 closed at 1.3420= +100pips *3 = +300pips
Net +110pips
elliottwaveprojection
Elliott Wave
GBPUSD
gbpusdshort
CodeAndQuant
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Related publications
GBPUSD Order Book London Open
by CodeAndQuant
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