Pending wave 5 may follow after extensive corrective abc on wave 4. I suspect it may extend some towards 1.33ish region and fall towards 1.14 and below. Idea of this post to make you understand the direction of the larger construct on pattern. This will affect all GBP pairs accordingly.
Create your own trading strategy and discipline to trade this opportunity.
Trade Carefully
Good Luck
Create your own trading strategy and discipline to trade this opportunity.
Trade Carefully
Good Luck
Note
I have charted this extensively on monthly. I know what I am talking. All critics are welcome. I will follow up each request judiciously.Note
Get ready to find sell setups on daily, soon.Note
Short GU for daytrade.Note
one more flag play.Note
Don't give up on this trade. next round of currency weakness is coming. King Dollar shall rise.Note
Trade closed: target reached
Very Complex 4 for years and it dropped to levels of 1.14
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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.