GBPUSD Short: Ride Wave-((5))

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD             may be in the midst of a continuation from its wave-iv correction. In order to ride the wave, I've placed a tight stop directly above the potential completion of wave-iv. There is a slight chance that the correction could go higher, but no higher than the invalidation level. A looser stop may be placed above invalidation. Will update as the tide rolls.
Trade active
Comment: T1 Achieved
Trade closed manually: If you have not taken profit at T1, exit at B/E. We should be seeing a fourth wave triangle. Updates to come
sir pl look on usoil at current momemen because it is now at do or die level pl update your view sir cardial request
glennmercer lipikacrude
Here is the updated count. Looking for shorts after the first small rally to fifth wave is complete:

Hi Glen, I was actually on same trade but got stopped at 1.30.
After seeing your setup I'm going to wait for a better entry more near the invalidation area if we get there.

+2 Reply
Great call. There's always a chance that this is not actually wave-i, but instead wave-b and you can get a better bargain up near the invalidation level. Patience of chasing! Nice
glennmercer glennmercer
Patience over chasing*
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