its_new_wave
Long

GBPUSD: Wave count

FX:GBPUSD   British Pound/U.S. Dollar
The last few weeks have broken my main idea and was need a time for understand what are happening and what will next.
Anyway, now wave count are looking more clearly than before, although I miss a good trend.
I remarked waves and now I think this pair are doing wave (c) of ((2)).
There wave 3 looks almost end and I wait a small decline to wave 4 which should continue to the 29 of June and next go up again to wave 5 with targets:
at 1.615 = 0.618 of retracement of wave ((1))
at 1.642 = wave (a) = wave (c)

When wave ((2)) will the end this pair will give a greatest opportunities for fall to wave ((3)) with target at 1.22-1.20
Interesting. We seem to agree on the count:
snapshot


(Posted this a couple of days ago as a reply to some lengthy discussion regarding the wave count here: https://www.tradingview.com/chart/GBPUSD/PVMbhugL-GBPUSD-Starting-a-weekly-uptrend/#tc193276 )
+1 Reply
its_new_wave Nathan_the_Wise
a year ago
Yes. I agree with that. Now it is my main scenario
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