glennmercer
Long

GBPUSD Long: Updated Wave Count with High R/R

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Evenin' Traders! GBPUSD             is correcting inside of an expanding descending triangle and has reached wave-(E). This trade takes advantage of a pullback after a bullish impulse wave which could be viewed as either wave i or a. So, in order to ride the following, usually stronger impulse which follows, we can wait for the pullback which has just occurred. There could still be a deeper correction into wave-2, however the risk to reward ratio is high enough to justify the risk of taking the trade. Happy trading!
Trade active: Keep an eye out for the deeper retrace level if SL is hit and the invalidation level!
snapshot
Trade closed: stop reached: Deeper retracement past invalidation level happened overnight. Here, we have a double zig-zag combination into a bat pattern. Interesting and a great opportunity to go long once we see a bullish impulse. Stay tuned!

Excellent, beautiful chart
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good job
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It hit the SL already
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glennmercer PRO simoestcoool
Yes, keep your losses small and your winners large
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Nice !
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I am in
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