captain_smollett

GBPUSD. Bearish Wolfe-waves pattern

Short
FX:GBPUSD   British Pound / U.S. Dollar
Looks like a Wolfe waves pattern is about to complete on this pair. It coincides with a Wave 4 on my wave counter and therefore I see it as a strong signal to sell.

W4 should end somewhere near 1.45 level, if does, I´ll open a short from local 1.45* maximum.
SL is tight: 1.46. Going above 1.455 will invalidate the whole Wave counting I´ve done and therefore will require additional analysis.

TP1: 1.4150 (strong resistance level for a pair)
TP2: 1.3400 (Wolfe pattern EPA level)
TP3: 1.3000 (End of W5)
Comment:
Revised Entry Point after checking with Fibo: 1.46300
SL: 1.48000
Order cancelled:
Brexit was predictable...

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