$GBP $USD Wolfe Wave Completion at 5'

FX:GBPUSD   British Pound / U.S. Dollar
Here is a potential long entry for GBPUSD             . I have marked the Aggressive, Moderate, and Conservative Entries.

Aggressive Entry - With more potential downside to 5" an entry at 5' is high risk.
Moderate Entry - A break above the 1-3 trend line confirms the upward move and would be a solid entry.
Conservative Entry - A break above point 3 would be a safe entry for a long position confirming a break above the second structural resistance level .

A proper exit level would be at point 4 where we will see the GEO             OFF-SET rule complete. If we hit 5" look for point 3 as your exit.

For more information on the Wolfe Wave pattern please visit:
I must give credit where credit is due. He is a great visual teacher, I am merely a student.

Geo's off-set rule at point 3 still in play.

5" penetrated and a confirmed candle close. Now entering long position.

A break of the 5" trendline will confirm the upward move toward point 3.

GBPUSD edging towards 5" looking for confirmation
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