JWagnerFXTrader

GBPUSD Alternate Bullish View to 1.6000

FX:GBPUSD   British Pound/U.S. Dollar
1043 5 22
Please read this post while also reviewing the intraday GBPUSD             posted earlier today.

This post on the Daily Chart shows an alternate bullish view. My preference is the 3rd wave bearish view listed on the 180 min chart, but we need to keep this one in mind as well. A meaningful push above 1.5650 will elevate this count on route to a 1.6000 retest.

I have noted at the top a sequence of 3's and 5's. I can count out a 5 wave down from June 18 to July 8, but it is not the cleanest of moves. It could also be considered a three. Therefore, we have to consider alternate counts if the move in question is a 3. I have found it helpful to label out the sequence above the chart, then like a masterpiece jigsaw puzzle, begin to work the combinations.
ChatchaiVong
a year ago
thank so much
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tupaitrader
a year ago
same to my idea...it finding the wave C.....thanks mannn...
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tupaitrader tupaitrader
a year ago
snapshot
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The recent drop looks really strong, to justify this rally. Interesting take though.
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harshas
a year ago
Can you help me to find Base metals chart because i am not able to find here say for example:Aluminium, Lead, Copper.
Thanks
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