Hit_N_Run
Short

Pound Ready to Head South

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
518 7 10
Charts self-explanatory

An ABC Correction following an impulsive five wave. Correction completed at 1.618 extension , before heading back lower below the long term 200 average. Pin bar at previous low confirmed downside pressures.
Another view - move from 1.46 to 1.58 (5-a-b-c wave) may be just 1 wave of bigger correction move (this may be a 'a' impulse)... Then we would go up to 1.65, a then down down down :)
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Also possible H&S, neckline from Point B.
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Looks convincing
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Good one
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Nice. My view.
snapshot
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ObaidRehman PriceActionTrading
good
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