sompa

sompa

GBPUSD has been consolidating for a while now , and it time to take a big profit on Short

sompa

so been looking at DXY form a very good support to demand for supply .

sompa

pack your baggage and let ride on. so the price has been testing this resistance on the 4wave thus the correctional phase, gathering momentum to fall and complete the 5th wave on the cycle

sompa

price broke through the 61.8 fib mark and looking to make the day down to the 50% mark on the fib. also price from the highest monthly resistance was rejected and made it correction move after the first impulse move to finish the second 2 correction, then we can resume the 3rd impulse move.

sompa

this is all i see waited for the final touches on the fib 50% mark where it is a key support areaa

sompa

consider long positions above the level of 1.2503 with a target of 1.3300 – 1.3500 once a correction is formed on the last 3 impulse 3 wave , the 5th wave has just began

sompa Updated 

so the five-wave move has been completed and waiting for the ABC move to complete the critical support to begin the last 5 waves of the significant wave on the daily chart

sompa

so we looked and now we leaping ......there is always a rise after the fall

sompa

expecting to fall to 61.8% on the fib level. price has been trying to rise above the last high but seeing much rejection from the ceiling .

sompa

After the first correction at the beginning of the year price rejected the support @ 1.8403 and bounced off to begin the 2nd wave. after seeing few rejections from last week ceiling broke the 50% FIB retracement it got another rejection and now coming to start to form the beginning of the year low