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UnknownUnicorn3382580
Dec 6, 2019 3:25 PM

GBPUSD - my plan for the next week Short

British Pound/U.S. DollarFXCM

Description

I am waiting for a higher high and a clear divergence on RSI.
Tried to show it on the chart.

There will be my first attempt to short this pair.

Good luck!
Comments
otavio_barreto
Why do you thin it's wave 4? for me it's clear the wave 5, my view
UnknownUnicorn3382580
@otavio_barreto, impulse should contain 5 waves, your 5th wave in your structure is incomplete. Therefore you may have made a mistake for locating your wave 4. I think there is a triangle, wave 4.
And now we are in the fifth wave. But it may be not completed yet. Although, of you tolerate 100 pips stop, thats fine to sell
otavio_barreto
@WXYXXZ, I trade more harmonic patterns than elliot wave, yes I can see the bat is almost, maybe is will complete arround 1.32380 but for me it's already valid.
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