3 WAVE STRUCTURE IN GBPUSD - 4H CHART
Hey Traders,
I have analyzing this structure for 3 months almost, since mid-October.
We clearly have an ABC structure going on after a sharp impulse, the C wave is going on.
It is a great opportunity to look for BUY set ups. The first buy can be the breakout of the last trendline. If not we can look for a fast reversal between the 78.6 and 88.6 levels.
Make sure you look for the right patterns.
Carlos
I have analyzing this structure for 3 months almost, since mid-October.
We clearly have an ABC structure going on after a sharp impulse, the C wave is going on.
It is a great opportunity to look for BUY set ups. The first buy can be the breakout of the last trendline. If not we can look for a fast reversal between the 78.6 and 88.6 levels.
Make sure you look for the right patterns.
Carlos
Comment:
Market is still droping downtrend, let's see what happens in the 88.6 fibo level and if breakout happens, we will look for a flag to buy!
Comment:
Already going for top resistance, any flag to buy is good!
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Ya estamos yendo hacia la resistencia mas alta, cualquier bandera es buena para comprar!
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Ya estamos yendo hacia la resistencia mas alta, cualquier bandera es buena para comprar!
Comment:
ABC ended up, waiting for reversal signs now.
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ABC terminado, esperando señales de reversión.
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ABC terminado, esperando señales de reversión.
