FX:GBPUSD   British Pound/U.S. Dollar
90 4 2
wave 1 and 3 are equal waves making wave 5 a candidate for an extension if wave 4 retraces at .382% my short target after retracement would be at 1.19466
TAJ249
5 months ago
Don't quite understand your count but good point about wave equality and certainly something I will take note of. Thanks. So many possible outcomes and wave counts with this one. Going to be interesting to see how it plays out. Never boring the GBP.
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nitram3288 TAJ249
5 months ago
sorry about that didn't notice the labels were off haha adjusted the labels on wave 3 on 2nd post with the same pair and same wave count.
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nitram3288
5 months ago
Wave 4 is a double zig zag correction in green didn't bother counting wave 2 since waves 1 and 3 has 5waves within them. Numbers in green boarders are 5 motive waves in daily chart the blue ones are in weekly
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nitram3288
5 months ago
sorry i meant the 4th wave in wave 3 has 5 waves with it's 4th wave as a double zigzag correction made wrong labels on wave 3 sorry
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