FX:GBPUSD   Pound Sterling/U.S. Dollar
324 2 5
The pound is clearly in an impulsive wave 3 and although I was mainly focused on selling the pound against the AUD and NZD, I will definitely sell GBPUSD             after a significant reversal. I believe 1.39 is the next target short but ideally we see a clear reversal from 1.41 zone. I want to see a wave 4 correction towards 1.45-1.46 and then look for a sell for wave 5.
Short term we might see a bullish break out of the bearish channel , however this will be against a strong trend so I want to see some kind of consolidation after the break before I consider a buy trade.
snapshot


I will update this pair more frequently since I believe it will present several high probability trades in the near future.

http://www.timstuyts.com

facebook/timstuyts/
We saw the reversal from the 1.41 zone which was my ideal scenario. I will wait for this impulse higher to settle and wait for a consolidation and continuation before buying the GBPUSD towards 1.455. (1.45-1.46)
Reply
snapshot


Sorry guy's, for those who are focused on the wave count, Blue wave 3-4-5 are included. Those were missing on the first charts.
Good trading to all!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out