waveslover

STILL BULLISH CORRECTION?

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
*I recounted and redrew TLs.

This week's 1st high is A/1.

And at the moment we are on the bullish waves because A/1 has been broken.
If you have a look at the H1 chart, from the yesterday's low, you can count 012345... which would extend to 9.
We wanna sell, but considering the current bullish waves, to put a long position in lower volumes might not be a bad idea.

The pink trend line would reject the upward trend, which would make the lime 5=Daily4_4. It's around 1.3875(Fib61.8). I'd put a short position at there.
Stop is around 1.39. if the price breaks 1.39, I'd have to consider the bullish trend.

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