D1 We will either get the running flat or expanding flat in the B wave, No one knows exactly where C wave will end. At this stage I'm going for the running flat as D1 has the potential of bear hidden divergence although H4 hasn't confirmed it I'm not ruling it out just yet.
H4 we only have one wave up with no bearish divergence so if were going to get the D1 expanding flat we will want to see a H4 correction something like we seen in wave A.
H1 we have bearish divergence starting to form in the C wave. There is no confirmation wave C is over so even with the bearish divergence it still can push higher. Wait for confirmation before jumping in.
Experienced trader's can scalp the bullish flag's but it's now getting risky due to the H1 bearish divergence. I will only be looking for the short setup's for the D1 C down. What I would like to see is an impulse down on the lower time frames and a bear flag to confirm more downside to come before jumping in to any sell 1st targeting the low of the D1 internal B wave.
This is a longer term outlook so I will update this idea as price play's out.
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get update's.
Thank's to all the traders in advance that hit the thumbs for your support!
H1 chart.
H4 we only have one wave up with no bearish divergence so if were going to get the D1 expanding flat we will want to see a H4 correction something like we seen in wave A.
H1 we have bearish divergence starting to form in the C wave. There is no confirmation wave C is over so even with the bearish divergence it still can push higher. Wait for confirmation before jumping in.
Experienced trader's can scalp the bullish flag's but it's now getting risky due to the H1 bearish divergence. I will only be looking for the short setup's for the D1 C down. What I would like to see is an impulse down on the lower time frames and a bear flag to confirm more downside to come before jumping in to any sell 1st targeting the low of the D1 internal B wave.
This is a longer term outlook so I will update this idea as price play's out.
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get update's.
Thank's to all the traders in advance that hit the thumbs for your support!
H1 chart.
Comment:
GBPUSD H1 Bearish Running Flat. Checkout the idea detail's and updates for the complete picture thanks.
