"GBPUSD in a corrective structure" by trader anilmangal — published March 31, 2015

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British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

Elliott Wave

elliottwaves

The GBPUSD is in a corrective ABC ,looks like we are still in the B wave so i'm looking to buy the C wave up. waiting for an impulse break out then and a correction on a lower degree to buy.

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Related Ideas

about GBPUSD 9

about GBPUSD 4

another huge move up to don't miss :)

It went north as on your chart

corrective?

Looks like this turned into a larger descending triangle from your A

Looks like a break and some consolidation - must be just about right for the going part!

Let's hope this consolidation does not turns into a more complex pattern .Going good so far! share your views ,agree or disagree

anilmangal

I'm inclined to sell but not in this choppy enviroment...You can check out my recent charts if you want.
Would appreciate your comments.
Good luck!

IvanLabrie

And that is what creates a market , we disagree on value but agree on the price.

anilmangal

I'm just looking at a different fractal...

Looks solid.
GBP has been resilient, going up against multiple pairs these past couple of days.

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