fxmillions
Long

GBPUSD - correction structure - ZigZag and Triple three combo

FX:GBPUSD   British Pound/U.S. Dollar
Another look at GBPUSD             corrective structure and wave combination. I concluded that we are near to an end of correction with a Triple three completion. My previous count was discarded. None the less, looking for the same direction. But price has to make an strong motive move first before any entry is considered.
KayJay
11 months ago
Great count
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fxmillions KayJay
11 months ago
Hopefully we can make a nice trade of it too.. :)
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KayJay fxmillions
11 months ago
Yes hopefully
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EWS PRO
11 months ago
Hi fxmillions, I think the decline from 1.5930 to 1.5107 is better counted as a leading diagonal. All declines is in five waves while the corrections is in three waves. That also fit better with the downside acceleration we are starting to see. You can see my count below.

GBP/USD - Downside acceleration expected
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fxmillions EWS
11 months ago
Yes, you're right. I will take it as a leading diagonal once it breaks low with some momentum (which is more likely to happen, specially after the last move.) Until that I would expect a C wave for a larger correction.
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Darenth
11 months ago
nice counter,We are all waiting for it to begin to work,good luck.
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fxmillions Darenth
11 months ago
Yep, it will be nicer if we get some good trades on it too. :)
Thanks for the heads up.
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