anilmangal

GBPUSD possible wave structure

FX:GBPUSD   British Pound/U.S. Dollar
10341 22 240
Hi Guys, the GBPUSD             is in a daily corrective structure. As it is now there are two possible way the wave structure could develop. I will wait for a flag to sell or an impulse and flag to buy. I guess by tomorrow we will know which way l go. I am expecting an up move so let's see.
In this case patience is virtue.


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My long got stopped out, but i still see one up there. They must do a big drop after month with Article50, so it will be a good reason to drop it.
+2 Reply
timnetherslands brexit_as_a_username
You think going down till how much? @brexit_as_a_username,
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brexit_as_a_username timnetherslands
@timnetherslands, I would aim to about 1.13
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Very good analysis, as always. Thank you for your work and teachings.
+1 Reply
@anilmangal i think it will go up and test the yellow trend line before heading down to that bottom support yellow trend line.
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Mario84 clearybuzz
@clearybuzz, that sounds about right.
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it 's going up ... or it's going down...
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Agree, this correction is likely going to be continued. It could be wave 4 on the daily chart:
GBPUSD - consolidating going to move on


Wave B or X could be ended, but wave (c) of {y} is also could be deeper. So, there's a very tricky moment here ))))
GBPUSD - still bearish
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Down.
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based on Anil lessons which is impulse correction, impulse correction, and the wave count tells me its a DOWN.
+2 Reply
Can have a look at my analysis, i have a GBPUSD set up two days ago and it is playing out well as expected!
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So which way? That chart is useless
+1 Reply
burrr PRO HIRISKtrades
@HIRISKtrades, its not
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anilmangal TOP HIRISKtrades
@HIRISKtrades, share your idea, let us know what you see.
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thinking the same about AUDCAD right now.
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thanks for sharing.
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thanks
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maybe up...what you think!
snapshot
+1 Reply
AdelMohamed AdelMohamed
why not looking at it this way which is more following the market (strong dollar and weak GBP)
snapshot
+1 Reply
2 months old and still active:
Brexshit will cause GBP to sink
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