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British Pound / U.S. Dollar
Short

GBPUSD Watch breakdown

By Wave-Trader
Updated
Hi fellows, This post is just a reminder of the last post. Price action is getting strong at the top watch for breakdown. Price setting up for breakdown. Try to sell from top rather than on breakout. Selling from top gonna give you better risk reward ratio rather than on breakout. In case price do not break down you will get break even trade. So selling on breakout no gonna give you break even trade you might get bigger stop and or even losing trade so better to look for sell as much high as possible.
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Nice and amazing breakdown. Those who are holding their trades from the top enjoy that and if you are not then please wait for my update rather than jumping in the market without valid TCP. Good Luck
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Amazing breakdown, so finally price is breaking the ascending channel which is holding since last couple days and running outside that channel. Get ready for next pattern formation. I will update abouth that Good Luck fellows.
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So far this pair is moving nicely fellows. Please remember this that if you are not in sell from top and if you gonna sell it from current price you might get a bad trade or even losing trade. So for another entry you have to wait and need to watch for the TCP so that you can join the fall. If you will try to join the fall from current price then it is very much possible that price gonna reverse and gonna test the top again and gonna stop you out, so better to wait and watch for the trend continuation pattern which gonna confirm that the trend is going to start to the downside. Here is the update fellows so that you may get the idea Where you need to watch the TCP. snapshot
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Watch 1hr time frame it is forming very nice flag.
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So far this pair is doing good job, We can see that TCP pattern is forming but looks like it is not ready to break down and can take some more time for breakdown. Here is the update fellows. snapshot
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This pair moving according to the plan. Watch for strong breakdown fellows.
GBPUSD Watch for sell before the breakout
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Here we got the TCP formation fellows. Sell the strong breakout around 10 to 12 PM UK time. Here we got the update fellows.
GBPUSD Sell the strong breakout
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snapshot
GBPUSD Watch top for short
Elliott Wave
Wave-Trader
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