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hussain9

GBPUSD Monthly

British Pound / U.S. Dollar (FX:GBPUSD)  
hussain9 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
12
18
It is very difficult to make a wave counting and the old data is missing . But if we started counting from the top we can see a ZZ correction , we are in wave C now that has a trend down towred 1.24541-0.95523
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Becareful to trade this because after finishing wave C there will be a strong move down .
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If its a 3rd wave its expected to move higher with price spike out the channel . IF id didnt dot that it will reverse down :
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Triangle is going on :
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still in the down channel going to d :
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moving down in the yellow area 15 minutes chart :
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5 minutes :
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We reached the target of the yellow area in 3rd wave , then up in 4th wave :
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The move down should not go beyond wave d , then will go up to wave e to finish the triangle :
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Finished d and going up in e , this e wave expected to reach the yellow area or the upper trend but be careful as after this wave a sharp move down is expected to occure in wave 5 :
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