FX_IDC:GBPUSD   British Pound / U.S. Dollar
Hi to Every one !!!!
Let me divide wave count from Monthly Chart to Daily chart
On Lower Time Frame H1 and 15 min you can easily Divide it into Sub wave or mini waves

On Monthly Chart We are in Main 4th wave
Wave 4 = ABC Formation .
Main Wave A and B of monthly charts are complete already
We are in Middle of wave C now
Wave C = 12345
Sub Of Wave C ,,,, 1 and 2 are Complete already
We in middle of Sub wave 3 at this moment on daily Chart

Sub Wave 3 = 12345 ( Mini Wave )
Mini wave 1, 2 , 3 , 4 Of Sub wave 3 Complete already .
We are dealing with Last Mini wave 5 at this moment on Daily chart to H1 Chart these days .

This mini wave 5 can further be Divided into 5 parts as below for High Probability / potential trades .
i = (Down Sell) = will end up at 1.2200 area
ii = (UP Buy )will end up at 1.23900
iii= ( Down Sell ) will up at 1.18000
iv = ( Up Buy ) will end up 50% Retracement of iii Or ( Below 1.21900 ,,,,,,of i 's Low )
v = ( Down Sell ) Will end up at 1.16000 area

At 1.16000 We will end up with mini wave wave 5 as well Sub wave 3 of Monthly chart

After this ::: 1.16000
Sub Waves are going to Proceed :::
Sub wave 4 = ( Up Buy ) =From 1.16000 to 1.30000
Sub wave 5 = ( Down Sell ) = From 1.3000 to 0.9500

Wish you many many pips
Comment: Please make sure you are out of short trade at 1.19750
Pocket your profits at this level .



Take Profit moved to 1.20500 Area ..There is still more room down to breath . I will update at 1.21000 Area . Keep on hold over your shorts .
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out