i got this gbpusd structure which i will trade over the next couple of weeks.
first of all my long term target for the gbpusd is at 1.8630- 1.9200 this is my next resistance area from which i will start thinking strongly. this is just a long term plan which can take up for a few month or even a year - the blue lines in the chart represent strong monthly targets.
looking at the smaller structure on the daily tf i see a very clear 5 ( i ii iii iv v) and a clear a (i ii iii) maybe a b movement? and waiting for a c movement down and then buying from there.
1.6150 is my next support.
first of all my long term target for the gbpusd is at 1.8630- 1.9200 this is my next resistance area from which i will start thinking strongly. this is just a long term plan which can take up for a few month or even a year - the blue lines in the chart represent strong monthly targets.
looking at the smaller structure on the daily tf i see a very clear 5 ( i ii iii iv v) and a clear a (i ii iii) maybe a b movement? and waiting for a c movement down and then buying from there.
1.6150 is my next support.