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[GBPUSD] 3 DRIVE PATTERN IN DEVELOPMENT?

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
3630 10 77
It is typical to find a 3D PATTERN in these market conditions, this further bullish movement (if it will be), could be an impulsive wave consolidation.
STRATEGY: BUY & SELL OPPORTUNITY


Thank for your support and trade with care!


Comment: FUNDAMENTAL COMMENT: Gilt yields are closing in on pre-Brexit levels. (MONITOR!)
Comment: TECHNICAL UPDATES: If you took Long Position around 1.2461, watch this "resistance area":

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Comment: UPDATES: How can I trade this chart?

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COMMENT: The consolidation movement expected, it happened, and the area around 1.2461 seems to have been a good BUY OPPORTUNITY. If we look at the waves chart, we see that the corrective structure has developed 5 waves (ABCDE), technically speaking, this type of correction, to be correct, does not need any more pullback and should push the price, directly to new high. If this does not happen, it means that wave E also corresponds to a wave A of ABC (bearish), and potentially the pair will make new lows, probably around 1.2400. Honestly, the second hypothesis, we do not like, though on daily time frame, we want to see a 3D PATTERN, it means that 1.2461 should not be violated.

Thank you for your support and we would like to have your comments ...
Trade with care!
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Comment: NOTE: ...many call on 1.2415!

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Comment: TECHNICAL UPDATES: If you took Long Position around 1.2461, watch this "resistance area":

you never called the long position, all after the fact stuff, and lets see if 3 drive pattern really works here, might not, but yes than you will say, nothing in trading is 100% so you are covered in all cases : )
Reply
Amazing your analysis and your comments, thank you very much!
+1 Reply
airmac Walentine
@Walentine, truly amazing yes, lol
Reply
Yep!!
+2 Reply
@RamaDeda, nice setup! :)
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Comment removed.
SignalSwiss PRO MSIgnatevich
@MSIgnatevich, Hi Sergei, sorry, but we don't use indicators or expert advisor, we're only Swing Traders (Price Action & Patterns) :(
Reply
MSIgnatevich SignalSwiss
@SignalSwiss, Thank You)))
+1 Reply
well done! thanks!
+1 Reply
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