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Hellena_Trade
Jun 13, 2023 6:27 PM

Hellena | GBP/USD (4H): Short a-b-c correction Short

British Pound/U.S. DollarFXCM

Description

The price is currently within a channel and has already completed 5 waves. I expect a correction in the form of an A-B-C pattern and an exit from the channel with the goal of reaching the cluster level of option contracts at 1.24000.



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Comments
Hellena_Trade
What do you think about this idea? I have studied all the data and it seems like a great scenario )))
BGO1
i didnt know currency also had options.
Hellena_Trade
@BGO1, Sure! Anyone can take a look. Specifically, these volumes are not very large, but there are huge clusters below.
BGO1
@Hellena_Trade, Where do you find currency options?
Hellena_Trade
@BGO1, The website of CME Group. It happens that they are rewritten to other strikes. I perceive them as support and resistance levels. It is precisely on these levels that you need to look for patterns. There are many strategies that use this data.
BGO1
@Hellena_Trade,thank you.
masoudsheikhi1979
hi
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