traderWgun
Short

4 reasons to short

FX:GBPUSD   British Pound/U.S. Dollar
166 5 3
1. 50 fib
2. divergence between wave a and wave c
3. 5 waves down and 3 waves up, textbook sell.
4. 5-0 pattern
5. equal legs hit (c=a)
thanks! do you have a target?
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traderWgun WaitingForCorrectionSince130
equal legs comes in at 1.6220/00 where we find double fib conflunce
snapshot
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Nice .
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Publishing this set up reminded me of your trade and was wondering
if you had any update if this does retest 1.6500 area.
thanks for your thoughts !!!!
Retest 1.6500 set up short ?
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traderWgun dojitrader
I have no idea. This price action has been very hard to read. I will want until the market gets a bit more clear.
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