FX:GBPUSD   British Pound/U.S. Dollar
153 14 6
2 months ago
5th and last wave for short is already fact!!!And guys, this is weekly chart...just imagine what will come?!?!?
2 months ago
Comment:
snapshot
monthly chart also is perfect for long...
tellmehellen
2 months ago
Sorry, in the description I wrote ''5th and last wave for long'' my mistake, FOR SHORT.Now we wait for first wave for the new trend FOR LONG
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tomj2417 PRO
2 months ago
Optimistic, with all the negativity surrounding the Pound......but I hope you are right......coz I'm British.
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tellmehellen tomj2417
2 months ago
This market moves everytime on 5 waves...this is a rule, which fundamental data CAN'T CHANGE IT.Maybe the last, 5 wave will be more prolonged, but come on.. British pound drops already more than 2 years....I'm sure that long entry will be soon, just patience!
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tomj2417 PRO tellmehellen
2 months ago
Agreed.
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pipstrading
2 months ago
what is your price target for the long? and, what kind of confirmation are you waiting for before entering long?
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tellmehellen pipstrading
2 months ago
When have divergence, but still waitin :) And I watched carefully for the waves :)
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pipstrading tellmehellen
2 months ago
thanks for sharing
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pipstrading tellmehellen
2 months ago
i am not that familiar with wave theory, but i saw that wave 3 could not be the shortest. Wave 3 here for GBPUSD happened to be the shortest. will this invalidate the 5 wave structure?
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tellmehellen pipstrading
2 months ago
Sometimes this rule for that ''3 wave could not be the shortest'' is not valid everytime :) Sometimes as you can see the last 5th wave is longer that 3rd.If you take a look and attention on more currencies and their technical analysis will see that sometimes 1st and 5th wave are shorter than 3rd...In the perfect world maybe this rule would be true, but markets are not perfect ;) The most important way is to now how to count them and to know from where they start :) That's all and the time frame from which you count them!!!
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pipstrading tellmehellen
2 months ago
thanks for your comments
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tellmehellen pipstrading
2 months ago
always welcome :)
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pipstrading tellmehellen
2 months ago
I check the chart again today. the whole move from 1.60 to 1.18 could be wave 3. what do you think? it might now move up to form wave 4. there is still chance for a wave 5 to go down to 0.95 level.
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pipstrading tellmehellen
2 months ago
what do you think ?
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tellmehellen pipstrading
2 months ago
Yes this is also a good scenario!I thought to wrote you this yesterday.Wave 2 and 4 everytime bounce on fib-levels and somethimes 2nd wave is sharper than 4th and vice versa.As u can see 2nd is not so sharp, so maybe this 4th can be :) But if you look on weekly chart that can be and 1st wave of the new trend....whether is 1st or 2nd scenario british pound will go up soon...but no one don't know when will be this. :)
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