Fahad_4FX

Fahad_4FX

Ok, it is recovered but in 3 waves only, Down trend still exist before rally

Fahad_4FX

Buy now with protective stop under wave one - red line, perfect position when price reached full length where 2 waves equals but no guarantee to buy that time with high volatility

Fahad_4FX

if you play 123 I will not blame you, there is good resistance and wave formation support you, it is correction ABC , if you buy it when reached 3 I can't blame you too :)

Fahad_4FX

if this count true, GBPUSD is bottomed with important hammer

Fahad_4FX

if it is true that top in place, it is now completing wave 2 where is A & B already done and wave C underway. Red line must be protected to keep this forecast valid !

Fahad_4FX

formed 3-3-5 , complete or almost complete, Rally will continue soon

Fahad_4FX

Doji star on resistance area, minimum complete correction waves 3-3-5

Fahad_4FX

last development form ending diagonal, if it is true, rally will start soon

Fahad_4FX

Consolidation preparing for final push up to complete wave C - 5 waves 1.87000 , See previous one

Fahad_4FX

It is just long term forecast, 3 waves from the most high price followed by 3 up 3 down 3 up which looks like triangle formation as wave B, once completed will give the way for wave C for five waves dowen to 1.400 area

Fahad_4FX

Trendline breakout, two (almost) equal waves & RSI divergence suggest that GBP/USD bottomed or close to the bottom

Fahad_4FX

Yesterday top reached in 123 trade , Today it works good

Fahad_4FX Updated 

Regardless of overall trend & limited downside risk, I see chance to play 1 2 3 trade with protected stop one pip under the origin of the wave. good luck :)

Fahad_4FX

if we watch the chart through trend line angle, it will look like this :)

Fahad_4FX

1.618 is the target before reversal, so friendly waves from the bottom up 3 waves next 3 dowen and near to complete five up, if it is true , it is tradable pattern

Fahad_4FX

1.618 is the target before reversal, so friendly waves from the bottom up 3 waves next 3 dowen and near to complete five up, if it is true , it is tradable pattern

Fahad_4FX

Hello, Two almost equal waves, drop to new low level (but limited ) is a natural result for this pattern

Fahad_4FX

It is good opportunity to buy now for 50 - 100 pips from current level