Short

GBPUSD Two possible pattern formation

Updated

Watch GBPUSD Analysis video Dated 25 August 2016 by Wave Trader Trend Continuation patterns.

Youtube link for GBPUSD: youtube.com/watch?v=ww3zKS8QCIk

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D wave in the triangle has just begun. If you have missed the move from top then Look for trend continuation patterns here is the update Guys.

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Please make sure you use reasonable stop loss for this trade setup.

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broke up more than expectations. Pattern still valid watching for more sell.

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Short still in favour. Here is the update.

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Price action getting stronger at the top of the smaller channel.

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Flat ABC formed now if we break up then we may see change in structure. Here is the update.

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If price retest the top again then it will be ideal place to sell. Here is the updates.

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Finally flat correction has completed watching for price action at https://bottom.https://www.tradingview.com/x/FKLZFJ5N/

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I was expecting short term sell setup near trend line. Currently we have short term sell setup under bearish trend line if price breakup bearish trend line then i will look for change in trend but currently i am expecting short term sell and buy setup from bottom after price action.

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Did not show us solid price action for buy setup and hit the forecasted target amazing. Watching for further formations on this pair lot to come guys.

Wave-Trader

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