FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD             STILL IN A 240 UP TREND CORRECTION AND LOOKS LIKE IT CAN BREAK THE DOWN TREND FOR THE NEXT IMPULSE TO THE UPSIDE. IF IT IS A THREE WAVE STRUCTURE IT CAN BREAK UPSIDE FOR UP TREND. IF BREAK DOWNSIDE WE CAN SEE ANOTHER WAVE TO THE DOWNSIDE WHICH MAKES THE FIVE WAVE STRUCTURE. CURRENTLY I AM LOOKING FOR UPSIDE, WE HAVE DIVERGENCE IN DAILY AND WEEKLY TOO. SO IT CAN BE THREE WAVE. LOOK INTO 240 TIME FRAME FOR BUY SETUP!
LETS SEE WHICH WAY IT WILL GO!
THANK YOU
HAPPY WEEKEND
KEEP FOLLOWING AND SUPPORT
Comment: 240 overview
Comment:
Comment: Correction before any buys.
Comment:
Comment: Anther scenario. We have divergence in play in daily!
Thanks.
+1 Reply
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