NidalDarawsheh

Ending Diagonal - unfolding

Long
FX:GBPUSD   British Pound / U.S. Dollar
correction trade
-- wave 5 looks to be unfolding into an ending diagonal.
-- trade is valid only if price keeps behaving within the EW ending diagonal principles
-- wait for 2 sets of abc completing 4 and 5 moves before considering a trade.
-- targets Fib retracement
-- remember to take profit, a shallow retracement is possible
-- see daily chart attached
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