TimStuyts
Long

GBPUSD seems almost ready for wave C higher

FX:GBPUSD   British Pound/U.S. Dollar
719 8 25
3 months ago
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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3 months ago
Comment: We saw a nice first leg higher which we anticipated. I like to see at least another leg higher.
snapshot
zahidiyucef
3 months ago
Whats the lowest amount to start buying please thank you
Reply
TimStuyts zahidiyucef
3 months ago
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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jbourgault PRO
3 months ago
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).
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+1 Reply
zahidiyucef
3 months ago
Yes thank you. Do you know please à good sms alert provider because am slightly New to trust my own décisions with money
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TimStuyts zahidiyucef
3 months ago
My website and course are due in September. Send me a private message and I'll contact you.
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ruthrajamanie
3 months ago
Looks like its ready to reverse. Are we still expecting a that wave b to end a little lower? appreciate your thoughts
Reply
TimStuyts ruthrajamanie
3 months ago
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
Bob_B_Northman
3 months ago
Thanks Tim
Reply
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