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Elliott_Wave_Count
Jul 31, 2018 2:41 PM

GBPUSD quick analysis Short

British Pound/U.S. DollarFXCM

Description

What do you think? Are you bullish or bearish? Could you share your analysis, please? My analysis is ready for you

Comment

it's falling well! Thanks for likes, support and comments for everyone!

Trade closed: target reached

Thanks for likes and support! :)
Comments
dcanfield
Hello,
Are you going to continue to trade this chart? I mean, now that you've done the analysis and can see the Elliott Waves and the minor 5th of the 3rd is still in progress, will you get back in (when the 3rd is complete) and 4th pulls back to ride the 5th (which will also have 5 minor waves)? Just curious, I'm a new trader and learning and wonder about process of pro traders. I mean, I've seen often where there is divergence in the 5th (per the RSI and volume declines) but if you get in when the 4th is complete and can monitor the 5 minors in the 5th, you can still make a tidy profit can't you?

Thank you for sharing your chart and insight (in advance). =)
Saeed_Ghaderi
very veryyy good
Eddied01
my https://viewhttps://www.tradingview.com/chart/GBPUSD/pQQ0Uoho-GBP-Bottom-in/
Eddied01
Elliott_Wave_Count
@Eddied01, thanks for your chart. I got your idea about bullish div
Tradingshiksha
I also see potential head and shoulders forming up.
Elliott_Wave_Count
@TA_charts, thanks for reply! Yes, I see it as well
Eddied01
@Guerrera, Pleasure, I often refer to your charts as I value your views so about time I share mine with you
alurlm
Hi, not just yet I think judging by GBPJPY it still has some more room to go before the bearish sequence.
Elliott_Wave_Count
@alurlm, nice chart and pattern, thanks for sharing!
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