TradingEW
Short

GBPUSD near reversal

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
595 3 7
Since 8th July low, this pair has been in corrective pattern ii, PA maintained below 61.82% retracement of the impulsive decline wave i, extending more than 1.6182 x time taken by wave i.
This wave ii correction (a distribution) could terminate near 0.6182 at the extremity of it's (c) wave.

It's overdue in TIME, right PRICE and PATTERN nearly complete for a resumption of down-trend wave iii             .

Longer term snapshot :
snapshot

Related Ideas

TradingEW
a year ago
Tracking development of minor waves of wave (c), on track for reversal.
snapshot
Reply
TradingEW
a year ago
Whether it's reversing or a final push up is due, the potential is on the downside unless upper channel line is broken.

snapshot
Reply
TradingEW
a year ago
Tracking minor waves on 5min chart for potential reversal in the coming ............ hours.
snapshot
Reply
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