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We saw GBPUSD make a new low and I think that this is might give us an even better buy opportunity once wave 5 in red, C in blue and B in brown are over. I prefer to see a slightly lower low but we will see. I will be buying after a 1-2-3 reversal pattern in line with a structure break shown by means of the trend line .
For wave C target I still see 1.36 as very likely.
Only if we accelerate lower I will adjust to a different wave count.
Updates will follow
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For wave C target I still see 1.36 as very likely.
Only if we accelerate lower I will adjust to a different wave count.
Updates will follow
www.timstuyts
www. facebook .com/wwwtimstuytscom
Comment:
We saw a nice first leg higher which we anticipated. I like to see at least another leg higher.
Looks like its ready to reverse. Are we still expecting a that wave b to end a little lower? appreciate your thoughts
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We made a slightly lower low which was the minimum for what I was looking for (because of wave count). I'm still looking for a reversal.
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I'll be in as soon as we get a confirmation.
And that would correlate with the USDOLLAR retesting the 12000 level (or simply going down right away).
And that would correlate with the USDOLLAR retesting the 12000 level (or simply going down right away).
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Not sure what you mean? but if price break below 1.2795 I will revise my analysis. If we see a 1-2-3 reversal pattern we can enter with stop below wave 5 red-C blue -B brown. If you mean amount in terms of risk that's up to your risk management. Does this help?
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