Awaiting one more high to sell

FX:GBPUSD   British Pound / U.S. Dollar
251 2 4
The upside in this pair is limted in my opinion.
Will look to sell 1.7050/100 with a stop loss above 1.7200.
Target is open.

Alt. view would be a WXYZ:

Follow all my demo trades at
and follow me on twitter for intra-day             updates
Good luck!
Does your alternate view also allow for one more new high
or that the price high has been reached and it's all down
form here ?
Thanks for your thoughts and wishing you a great week !
+1 Reply
traderWgun dojitrader
yes it does allow for another high, but the current structure favors the ending diagonal idea. Note that the ED could be a leading diagonal wave a with in wave Z, only a clean 5 wave decline would confirm a top is in place.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out