GBPUSD it's on the B corrective wave, I m looking to go short for the C wave after a sell setup appears on lower timeframes , which will complete the ABC corrective structure before heading for the next impulse up. Trade your plan
Trade active
Shorted the fib level :I'll look to add more positions on the breakout
Trade closed manually
Took a loss here, trade didnt go as I planned it would, will wait for a more clear setup nowNote
After GBPUSD broke out, now it's consolidating and it would be good to buy the breakout of the corrective structureNote
This thing has been a pain. I think its now the time this thing goes for more upside after this structure:It will either go now or it wont go and will go for a deeper ABC correction in the bigger structure
Note
The C wave on ABC correction it's about to finish, I think there is one more last down move before going up, anyway I'll wait for an impulse up , a correction and take the next impulse after that.Without confirmation I wont enter because we dont know if the C wave is completed yet. Trade your plan
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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.