jefftan
Long

GBPUSD : STANDBY FOR OPPORTUNITY TO LOG

FX:GBPUSD   Pound Sterling/U.S. Dollar
457 1 3
Price is caught within the Upper Band of the downsloping major PF             however the current blue mini PF             defines the current market action.

If it stays within the blue channel(lower band for now..) it will retrace to the l-mlh and move out of the Upper Band of the downsloping PF             to the Upper Band 1. The mml is always the target but WL of the major PF             will be the ultimate.

Watch out for the purple sliiding parallel.

I hadn't inludet pitchforks in my own study. Perhaps it will help now to predict the downward target more precisely now.
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