GBPUSD further down expected

FX:GBPUSD   British Pound / U.S. Dollar
We are expecting further downside in this pair next week, expect a small correction soon and then look for sells again. If you are in this trade since early this week, move your stops to breakeven.

We will only enter when we see our setup if it keeps moving like it did last week without giving us the structure we need we will stay away. Its not always about being right in the market its about being on the right side of the bigger structure, if 10% of the time market goes against you, you should not change or question your concept that's what market makers wants you to believe.

Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.

If you're a trader who wants to use TradingView to learn more about "Forex Trading & Wave Analysis", make sure to follow us, like and comment.

What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...

Trade with care
We Trade Waves
Trade closed: target reached: Move your stops or take profits, we are moving our stops in deeper profits


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