anilmangal
Long

GBPUSD POSSIBLE WAVE COUNT?

FX:GBPUSD   British Pound/U.S. Dollar
2396 14 110
The first 3 wave up abc could be all the correction we get but i am leaning towards more correction (time wise) so another abc or 12345 up is possible.
Buying the break out on the 60 and wait to see if the up move is corrective or impulsive is a good idea.

like and comment . Share your views in the comment , the more ides we have the better decision we make.
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Related Ideas

DelorenFX
2 years ago
Yes, I think we are still in a corrective structure a while yet however my target (if the chart pattern continues) is similar. My lines are drawn a little differently.
snapshot
+1 Reply
Hi Anil,

I think we can expect a bit deeper Wave C.

Here is my wave count. I would like to know your opinion on this wave count.
snapshot
+3 Reply
anilmangal TOP VijaySanghishetty
2 years ago
possible
+3 Reply
Hoag PRO VijaySanghishetty
2 years ago
very much possible.
+1 Reply
albertos
2 years ago
Thanks Anil
Reply
MohammedSolaiman
2 years ago
same view here
thanks
Reply
FullTimeTrader
2 years ago
Hello, this pair is positive correlated to the EURUSD, so i think price reached its top correction and will continue falling, possible breaking long term lows. Only next year will rally strongly. The GBP rate hike is still far and right now GBP is extremely overbought. The USD rate hike is nearer, possible in december. Regards.
Reply
anilmangal TOP FullTimeTrader
2 years ago
Thanks for sharing Fulltimetrader but the the GBPUSD and the EURUSD is not correlated in any way.
+2 Reply
FullTimeTrader anilmangal
2 years ago
I'm not talking about exact correlation but long term direction, since i expect EURUSD to reach parity GBPUSD should follow that direction, this chart shows what i expect
snapshot
+3 Reply
anilmangal TOP FullTimeTrader
2 years ago
Thanks for sharing but i don't trade my or anyone's expectation, I trade the structure.
+2 Reply
Thank you Anil, may target 1,55 min
+1 Reply
Uran0s
2 years ago
Setup still in play?
+1 Reply
anilmangal TOP Uran0s
2 years ago
Yes i am still expecting a move up , even if it goes some more down . I will post update later
+3 Reply
mkdeep04
2 years ago
hi anil.. gu eyeing 5065/80 area below this opens much lower tgt 1.48.. but if area holds then consider long.. 1.6.. above this 1.6230,, i another lower tgt exterm 1.45/46 area.. saying all this .. will be eyeing daigonal pattern in 1h
+1 Reply
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