TradingView
Steve666
Jul 25, 2020 3:12 AM

GBPUSD.... Looking for a Bearish Wolfe Wave Reversal Short

British Pound/U.S. DollarFXCM

Description

Nice Wolfe Wave setup .... break of point 3 should confirm. (approx 1,2670)
This could go higher (1.28+) so watch closely
Target is 1.2450 by early August
On a shorter term basis a bearish deep crab pattern has developed

S.

Comment



Well this went a little higher than expected...Point 5 is a 1.13 extentsion of 1-2.
Two possible entry points....a break of the parallel line or a breach of point 3

S.
More