TradingEW
Short

GBPUSD short setup

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
146 6 2
Short on potential 300 pips range, R/R >10.
Target reached on this 300 pips range, and Fib. retracement of 0.6182 x wave iii works. Now setup for the 5th wave up.
snapshot
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WOW! when it moves it really moves explosively in last 30 mins , with more downside potential. Update chart:
snapshot
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Wave ii 5 min.
snapshot
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Sorry, i meant orange II. I've already found it on the graph. Orange II and your supposed orange IV are of different degrees, IMHO.
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TradingEW dartagnian.gascogne
May be.
I see it as alternation between very simple small wave ii and very complex large wave iv.
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Can you show your II wave?
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