anilmangal

GBPUSD possible Ending Diagonal

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
8619 25 212
The GBPUSD             is in a down trend. It is now making a correction up which looks like an abc . if this proves correct we can expect one more impulse down to retest the monthly low.

Understand structure is important but understanding it CORRECTLY is much more important!.
Trade with care
Thanks for your support.
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Comment: if you are already in the buy, be careful it could consolidate more to the 618 fib.
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great
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Totally agree with you.
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Great chart! I'm currently waiting for the .618 retracement at the trendline to buy. Glad to see others share the same insight :)
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do you think it is possible to buy on monday?
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Very nice analysis, hopefully a promising up move!
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Great analysis
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Hello Anil! Can you please check if this can make sense? Targeting 1.46 and then down to 1.28
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Still have pending to contact you regarding the course... Spasibo! =)
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anilmangal PRO captain_smollett
possible
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Thanks Anil
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I entered on the small pullback after your "b" point, 1.414 level. Will watch out for the potential consolidation to the 618 fib. Thanks Anil !!! Have a nice day :-)
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