glennmercer

GBPUSD Wave Count: Watch for Bearish Breakout

Short
glennmercer Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Hey traders, looking for a pullback rally here to trade the rising wedge toward pattern completion. If high of wave-E is breached, we have a combination to take into account and will need to re-locate (B). Otherwise, I'm anticipating a drop toward the 1.281 area. I want to be long at the crab/shark combination. The triple combination has a great possibility of completion in that area. For now, more bearish price action is in the forefront of my analysis. Happy trading
Trade active:
Active, but under a different entry. More info here:

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.