anilmangal
Long

GBPUSD corrective structure

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             is making a daily correction ,If the count I am looking at is correct then one more up move is possible to complete it ,if I am wrong the risk is small so i took the trade.by breaking the bottom it will change the structure that i am looking for. If you agree with the count please like the chart .
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move to the trend line?
+1 Reply
anilmangal PRO OccultTrader
Possible ,let's see. Monday looks down.
+4 Reply
This is what I believe:
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the price will go even higher?
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The wave count is still valid. It could be and expanded flat. It could perfectly retrace 138.2% of wave A and then go up to the 161.8% projection of wave A from wave B. I will buy it with both hands.
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anilmangal PRO Marti_Trader
Yes Marti, it could be an expanding flat but now we will wait for the first up impulse to prove it before we buy .
+4 Reply
mohamedrussel anilmangal
TOTALLY AGREE IT WILL REACH 1.52 BUT CAN YOU EXPECT WHEN ??? THIS WEEK OR NEXT WEEK ??? REGARDS
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Ouch that shadow through your SL. But the structure may still be vaild.
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yes , we took the lost . I will wait to see how it develops now .A lower degree correction and we sell , an impulse then correction and we buy again!
+4 Reply
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