BigShouldersTrading

Potential long GBPUSD movement

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Orange lines - daily wave, classic ABC continuation
Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions

Our h1 expected turning point is at the current price - 1.3655. However our trade logic is not met and we do not have a valid h1 trading signal yet. Similar to audusd , we're expecting conditions to be met in the next 24 hours.
An alternate course of action would be a sharp drop into the magenta m15 level which is close to a 1.27 extension of the daily wave - 1.3541.

Comments

I hope up
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out