3 - GBPUSD - FX Majors | Reversal & Impulse | July 2019 Long

BRITISH POUND / U.S. DOLLARICE

Description

⋅ Jul 15, 2019 2:25 PM

GBPUSD labeled within a Complex Double Three.
Patterns:
- Intermediate (W) (pink) - Expanding Flat
- Intermediate (X) (pink) - Bridge / False Break-out
After the correction, the Pound-Dollar should jump on the up-side with a sustained ABC (Minor degree) sequence.

Comment

⋅ Jul 16, 2019 11:15 AM

False break-out in play.

Trade active

⋅ Jul 16, 2019 11:19 AM

Trade closed: stop reached

⋅ Jul 19, 2019 1:32 PM

Trade active

⋅ Jul 19, 2019 1:33 PM

GBPUSD bullish flag.

Comments

Aureliusflavius

⋅ Jul 16, 2019 10:03 AM

Hi! Is your long trade active on this pair now?

Lionheart-EWA

⋅ Jul 16, 2019 10:06 AM

@Aureliusflavius, Still alive, but it has to go now.

Aureliusflavius

⋅ Jul 16, 2019 11:02 AM

@Lionheart-EWA, Thnaks. Do I understand the picture right that you consider 1.239 as invalidation level for this kind?

Lionheart-EWA

⋅ Jul 16, 2019 11:09 AM

@Aureliusflavius, It went much lower than I anticipated now, and it's most likely a B wave, so it could be ending quite soon. But yes, it is possible what you're saying.