GBPUSD corrective structure

FX:GBPUSD   British Pound / U.S. Dollar
12523 28 328
The GBPUSD             is still in correction. This down move in maybe a C wave in the higher degree B wave. On the 60 mins there is a sell setup if it makes a flag , then watch for reversal.
I will try to post updates as often as possible.

Trade with care.
Thanks for your support.
Comment: If you are not in this one as yet there is still a chance for one small buy to the trend line , then move stops and see if it breaks or bounce for one more down.
Comment: 60 min close up view

Comment: Broke out
Comment: Buys stopped out , wait for flag before any sells

Training : add to skype mangal457
Thank you ani, It's working great, more time for anyone to get in too! Great Chart and warnings - thank you.
Stop out, looks like GBP is dropping back to the low end of 1.29-1.35 range.

Same outlook sir.

Thanks for the share
Hey Anil!! any update ??
+1 Reply
Any day you will ever choose not to post these setups, remember that you have helped a lot of people, and we appreciate all the effort and thank you very much, be blessed Mr Mangal!!!

From: South Africa
This was a good one Anil. I moved my Stop to far up so I got SL at $100. Wait for the next one is what I will do.
Any issue that the price has broken trend line on the downside? @ 1.3039 ... will this rise correction continue?
Thanks Anil :)
awesome as always know what you are doing and your charts proves you... i was wondering when,whether theres going to be new weekly outlook webinar.... it helps a lot... and your forecasts are just amazing....
+2 Reply
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