FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             looking short here after the completion of Ending diagonal and the wolf wave .
Waiting for a close below the red line to confirm a good sell, I may however change the stop loss in the midway ( depends on the market) But the Take profits remains the same.
1st Target @ Top of wave 1 of ending diagonal
2nd Target @ Median line of the wolfe wave
3rd Target @ The red line where the Daily bullish bat completes.
Please like, comment and share your thoughts
Thanks.
Trade closed: target reached: Two targets reached
Trade closed: target reached: Third Target reached.

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Very good analysis
+1 Reply
morshedul.sazid PooyaSalehipour
Thank you mate :)
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Please Put the stops at breakeven or, kindly close the shorts :)
Reply
mcpeacocks morshedul.sazid
why would you close them? do you see the pound bouncing, and the US$ losing strength?
Reply
Yes I know about that! I have got more setups coming. I am not closing, I have got my partial closed trades and placed breakeven. Its just the safe I want for the traders who took risk here.
Reply
mcpeacocks morshedul.sazid
fair enough - seems a week with quite a few high impact events ahead of us. better safe than sorry!
+1 Reply
Exactly :)
Reply
nice chart.
+1 Reply
morshedul.sazid PooyaSalehipour
Thanks :)
Reply
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