URIFX

GBPUSD: Waiting for the next wave to know buy or sell

FX:GBPUSD   British Pound / U.S. Dollar
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2
In previous idea, I followed a failing wedge in wave C and the current wave could be a wave 5 - the last wave.

Does it end??

Let's look at lower timeframe (1h), there are some confusing in counting with 2 alternative counts.
1/ The current wave is wave 5 of C of last ABC?
2/ The current wave is wave A of last ABC?

For this setup, I will wait for the next pullback wave to know what is it:

IF THE NEXT PULLBACK WAVE IS AN IMPULSE WAVE, A BIG MOVE UP IS COMING
IF THE NEXT PULLBACK WAVE IS A ZIZAG / FLAT/.... SELL THE NEXT IMPULSE WAVE

Good luck to all,
Trade active: Sell 1 entry!
Trade closed: stop reached

Comments

sound advice.
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URIFX TAJ249
This is my view only. Trade with care and with your trade plan!
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