Gpbpusd
21092018 GBPUSDDaily chart for GBPUSD. I'm bearish for now. I see abc correction for Wave 4 completed, unless it extends and do another abc correction.
1. Wave 3 is shorter then Wave 1, so wave 5 need to be shorter then wave 3, a double bottom perhaps
2. RSI moving up supported by trendline, but is reaching a strong resistance zone
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GBPUSD gartley pattern Long 162 pipshello traders
we have now after the breakout a buy opportunity for GBPUSD
for the gartley pattern as per the showing results
GBPUSD continued Bearish movement after break of 1.4565Price was largely ranged for the GBPUSD-1.09% for the better part of 2015. Then when price broke the ascending channel it was in, price took a huge drop shortly after retracing back up to the bottom of the channel.
Price then broke through the 1.4565 handle (Support) low of 2015 and exposed the 1.4225 low of 2010. Price is now just a few pips away from breaking that as well.
I don't see much in the way of buying until the 2009 low of 1.3500.
Until then, I am looking for a chance to short at key structure levels.
