FX:GBPUSD   British Pound/U.S. Dollar
827 16 24
50% REJECTION.

BUY @ BREAK OF TRENDLINE RESISTANCE.
ONLY GO LONG AFTER D1 CLOSE ABOVE TRENDLINE RESISTANCE.
THIS IS IMPORTANT, AS PRICE COULD ALSO FAKE THE RESISTANCE AND TUMBLE FURTHER DOWN TO 61.8%.

NO UPDATES IF LESS THAN 20 LIKES.

SCENARIO 2 :
snapshot
I like the idea, thanks for the post bro! =D Cheers
+1 Reply
Yea thanks. See scenario 2 too bro. But close above resistance means scenario 2 wont happen !
Reply
Nice Idea, I was looking for a Pinbar rejection the Support, but Price Action did not give me one.
snapshot
+1 Reply
Yea thanks. See scenario 2 too bro. But close above resistance means scenario 2 wont happen !
+1 Reply
Agree on both scenarios! Here is my chart

Gbpusd update: buy wave 5 @ breakout
+1 Reply
Nice counting. 3rd is always the longest wave. criteria met.
+1 Reply
Nice plan mate. Thanks
+1 Reply
Yea. Good luck.
Reply
UPDATE 1 : SCENARIO 2 MOST LIKELY. LOOK FOR BULLISH REJECTION PATTERN @ 1.5400 - 1.5450.
Reply
UPDATE 2 :
snapshot
+1 Reply
UPDATE 3 :
snapshot
+2 Reply
URIFX PriceActionTrading
I consider other scenario that price may retract 100% or more....
GBPUSD update: Wave Structure had changed?
Reply
Yea. If prices closes below 61.8% tonight, then this idea will be invalidated. We will look for other setups, possibly 88.6 - 100% yea.
Reply
UPDATE 4 : THIS IDEA IS PRETTY MUCH INVALIDATED UNLESS SOME MAGICAL BULLS APPEAR OUT OF THE RAINBOW. I.E. GBP IS BEARISH.
+1 Reply
Andyle PriceActionTrading
In short GU, GJ, UC now.
Reply
Nice. Following the trend. Very possible
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out