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URIFX
Nov 7, 2015 5:27 PM

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

British Pound/U.S. DollarFXCM

Description

In
, 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
UnknownUnicorn251843
sound advice.
URIFX
This is my view only. Trade with care and with your trade plan!
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