GBPUSD DOUBLE ZIGZAG SELL SETUP Short

British Pound/U.S. DollarFXCM

Description

⋅ Feb 22, 2017 3:51 AM

Hi Every One,

GBP.USD trading on complex corrective Pattern. I am looking for final leg downside for complete double Zigzag pattern.

Comment

⋅ Feb 23, 2017 4:31 AM

Stay Short side... Target still in not reached. 1.2370 would be the target for corrective structure

Comment

⋅ Feb 27, 2017 10:18 AM

Finally we got clear pattern on GBP.USD, In this pattern forming the 1.2500 - 1.2470 levels are important key and Psychological levels also.

I am looking Pound fell to 1.2370 -1.2345 levels with in a day or tomorrow. Look to BUY on those levels target of 1.2600.

Comments

mlt1403

⋅ Feb 23, 2017 9:36 AM

do you feel dollar index poised for move up to 103/105 area in march ?

tdurai84

⋅ Feb 23, 2017 9:38 AM

@mlt1403, r u trading forex also

mlt1403

⋅ Feb 23, 2017 9:54 AM

@tdurai84, nope only nifty . but track dollar as it is one of the lead indicators . i feel dollar index is moving towards 103 /105 in march ( maybe the fed hikes in march itself , causing a dollar spike)

mlt1403

⋅ Feb 23, 2017 9:56 AM

@tdurai84, i think we are done for this upmove ...they are holding it on viagara so far ...effect should wear off starting monday or max tuesday