GBPUSD (D1) Wave counting. Downtrend.

FX:GBPUSD   British Pound / U.S. Dollar
213 1
Hey there.
I changed the wave counting to a changed environment.
EURUSD currency pair falls to new lows, the market is oversold, GBPUSD follows her but less vigor.
There is an idea that the euro will limit the decline, and the British pound will increase its strength (note: look at the cross pair ( EURGBP ))

From all this make the assumption
- Primary idea: GBPUSD falls to 1,4764 (FIB 50% or 3 ). We are now in the third wave of a large downtrend.
- Alternative idea: GBPUSD falls to 1,4349 (FIB 76,4% or 3 ). Now we are in the first wave of a large downtrend.

Time will tell. Now I'm in sales. My first target area is 1.4950 (minimum wave 3 from 23 January 2015.)
Thanks. :D
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out