GBPUSD seems almost ready for wave C higher

FX:GBPUSD   British Pound / U.S. Dollar
720 8
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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Comment: We saw a nice first leg higher which we anticipated. I like to see at least another leg higher.
Thanks Tim
Looks like its ready to reverse. Are we still expecting a that wave b to end a little lower? appreciate your thoughts
TimStuyts ruthrajamanie
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.
+1 Reply
Yes thank you. Do you know please à good sms alert provider because am slightly New to trust my own décisions with money
TimStuyts zahidiyucef
My website and course are due in September. Send me a private message and I'll contact you.
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).
+1 Reply
Whats the lowest amount to start buying please thank you
TimStuyts zahidiyucef
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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