glennmercer
Short

GBPUSD Wave Count: Watch for Bearish Breakout

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:
GBPUSD Wave Count: (c)-of-((Z))-of-B Is a GO!
Thanks Glen.Really appreciate your efforts in making these educative charts.
+1 Reply
Glad I can provide for fellow traders, Piptamil!
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