TimStuyts
Long

GBPUSD, correction THEN impulse higher

FX:GBPUSD   British Pound/U.S. Dollar
481 5 19
I like to see a third leg lower for GBPUSD             on the 1 hour time frame and then look for a buy towards 1.36 and 1.39 respectively.
snapshot


http://www.timstuyts.com

www. facebook             .com/wwwtimstuytscom
Comment:
snapshot

Moving as expected, watch for break, stop loss should be below wave 2.
Comment: Place stop at break even if you entered as described. I target 1.36 for risk/reward of 12/1 with 2% risk. Stop is at break even and I will be looking to add after a consolidation. (this was we can build this position to target 50% return on capital) The levels are not written in stone so we adjust when needed but this was my original plan and so far so good.
snapshot
is it possible that given the current conditions it is breaking downside?
Reply
TimStuyts ruthrajamanie
I'm not sure what consolidation you are referring to. But in general it is certainly possible, however I'm only looking for buy trades at the moment. Only if we see a bearish acceleration followed by a consolidation I will sell the continuation.
Reply
ruthrajamanie TimStuyts
my bad. i mixed it up with another pair. Good call and thanks to you i caught this from the bottom
Reply
TimStuyts ruthrajamanie
Not a problem, let me know if you need anything!
Reply
good work!
+1 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out