tidaltrader
Long

GBPUSD Wave Analysis 10 JUN 19

FX:GBPUSD   British Pound / U.S. Dollar
Hello traders,

GBPUSD weakness on MAY month will continue on medium term. In short term we can expect Corrective ABC move on this pair.

GBPUSD fell to 1.2630 support level on coming weeks to finish the B wave, From here Buyers push the sterling to 1.2830 to 1.2860 levels.

MY ENTRY LEVEL ON COMING WEEKS:

SIDE: LONG

BUY @ 1.2630 -- SL @ 1.2500 -- TP @ 1.2830
Comment: GBPUSD reached first level of of support... I am going to lower my entry point to 1.2605...
Comment: After Sterling reached first level of support @ 1.2655 and went upside upto 1.2700 psychological level... Rejected from 1.2700 level continue its corrective downside on coming days... as i mentioned in previous comment i am revised my long entry level to 1.2605...
Comment: Yesterday Newyork session gain is limited by 1.27000 psychological level. This act as short term strong resistance and send the pair to 1.2630 and 1.2605 levels on coming days.
Comment: Today London session send this pair to above 1.2700, i looking immediate sell off from 1.2720 level... I am entered short @ 1.27191 level... Counter trend trade...
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