ALEX-Z

GBPUSD (4H) TRANSACTION #2

Long
FX:GBPUSD   British Pound / U.S. Dollar
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1
Hey there.

--Transaction #2--
By: 1.5367
Stop: 1.5310 or market
TP: 1.5482 or market
Discription: GBPUSD develops more complex deep correction, most likely it is a double zigzag wave . As a rule, the fourth wave is a complex, deep or extensive.
The anticipated growth of currency to the target zone 1.5482 or 1.5568 (which is 100 points less than the 32.8% Fibonacci of the third wave (iii)), and then a further fall in the zone of 1.5000 GBPUSD
I hope I'm right.
P.S. sorry for my english

Previous transaction:

=February=
Transaction #1: Profit / Loss (+19pi) Stop/TP (1.5367)

Finally: I close my position on the market, the general idea here to see prices trade.

Comments

replace with (a), ( not even close impulse) with (b) and (iv)? with (c) - expanding flat with (c) ending diagonal. And histogram show divergence. Short. And fast short because ED is end move and sharp short move with target around (b).
ALT: ED maybe LD, then short with target 61.8% of end of LD.
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