GBPUSD: a corrective wave is coming on daily chart
Traders,
A corrective wave is on its way after 3 weeks dropping .
On daily chart, the red trendline is broken and pounds did not go lower position on the event of BOE yesterday.
This is a good news for long trade traders.
Blue zone is the first tp for corrective wave, thats not even hit FIBO 382 becoz we think Pounds is on a very weak position after a weekly trendline is broken .
The blue one is just for another tp for GBPUSD to correct which is in the middle of the three red weekly bearish candlesticks.
We would long it first and wait for a signal to short GBPUSD again on daily chart.
Less is more!
A corrective wave is on its way after 3 weeks dropping .
On daily chart, the red trendline is broken and pounds did not go lower position on the event of BOE yesterday.
This is a good news for long trade traders.
Blue zone is the first tp for corrective wave, thats not even hit FIBO 382 becoz we think Pounds is on a very weak position after a weekly trendline is broken .
The blue one is just for another tp for GBPUSD to correct which is in the middle of the three red weekly bearish candlesticks.
We would long it first and wait for a signal to short GBPUSD again on daily chart.
Less is more!
Trade closed: stop reached:
Too early to bull.
