dlifestyletrader
Long

GBPUSD: Three Dive Down and UP

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD has begun the process of retracement since the beginning of this week after it has surged as it turned bullish after breaking above a 7-week falling trendline .
It has completed 3 waves of retracement, or what some people called as three-dive down, and the price is now back to the sentimental price of 1.3000.
This would undoubtedly be a worthwhile trade to make a critical price level and which credible reversal pattern such as three-dive.
Most importantly, goo traders find good levels to trade but phenomenal traders react quick enough to changes as the best price and setup does not guarantee us a winning trade.
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