EverythingForex
Long

GBPUSD: Do You Want To Catch A Wave 3?

FX:GBPUSD   British Pound/U.S. Dollar
1321 8 20
10 months ago
A month ago, I said that this pair was "Looking to Get HIGH" and I called it ""A PRIME Opportunity Is Setting Up! Don’t Miss It!". Since that post, GBPUSD             shot up over +450 pips. That prediction was based on the fact that my wave count and the patterns were predicting a wave (3) in progress. Which it seems to have been correct. Here's the chart from that post:
GBPUSD: Looking To Get "High"!

Then 20 days ago, I said it was "Time for a Retrace" and it went down over +400 pips. Well, following any wave (3) would be a wave (4). And that was what I based that SELL call on. Here's the chart from that post:
TRADE ANALYSIS: GBPUSD: Time For A Retrace

Well, here we are. I am now seeing that the wave (4) was most likely done. So if that is correct, then this pair is currently in its' wave (5) up, right? And not only is it in the wave (5), according to my count, the wave 1 is completed and now the wave 2 could be done or very close to being complete. If the wave 2 is complete or when it completes, then of course we will be seeing the wave 3 of (5). And that wave 3 should take things to new highs.

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10 months ago
Comment: Wave 3...enough said.......
snapshot
10 months ago
Comment: Up +190 pips on this trade. Now reaching a significant resistance zone in the MAJOR (M) SR zone. Watch PA for signs of reversal.

snapshot
hassan.saeed881994
10 months ago
sir can i take buy position now?
Reply
EverythingForex PRO hassan.saeed881994
10 months ago
I can't tell you yes or no. I'm not giving out trades advice here. Only telling you what I am seeing, expecting and what I am doing.

But one thing you should NEVER DO is chase after a trade. If prices are moving and you think the trend will continue, you must wait for it to stop and pullback before you get in. Wait for prices to come to you instead of you chasing after it. Do I expect that prices are going higher? OF course I do. Much higher. But there is NEVER any guarantee of that.
+1 Reply
countingwaves
10 months ago
This analysis is spot-on. An exact replica of what I have on my chat except I hadn't caught the Inverse H&S. Fantastic!
Reply
EverythingForex PRO countingwaves
10 months ago
thanks. Hope you got in on the move!
Reply
countingwaves EverythingForex
10 months ago
Already filled.
Reply
aaahmed12 EverythingForex
10 months ago
What's your day on the USDJPY? Please
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aaahmed12 aaahmed12
10 months ago
What's you say*
Reply
EverythingForex PRO aaahmed12
10 months ago
You can register and join my Skype group and ask me there. It's free. I don't post on demand here, sir. Not enough time to be here and also chat with my members at same time. Members come first. Hope you understand.
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