Wave-Trader
Long

GBPUSD Expecting short term trend continuation

FX:GBPUSD   British Pound/U.S. Dollar
4188 19 19
I am expecting short term trend continuation to the upside.
Comment: If price breakdown lower triangle line then i will look for change in structure. I am expecting bounce back from channel line.
Comment: Broken down and pattern and structure has changed
Comment:
snapshot
Comment: Testing trend line breakup is possible.
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Are we waiting for a pullback to buy?
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please show me your chart at which level you are looking to buy please.
+1 Reply
forexyoga Wave-Trader
GBPUSD Expecting short term trend continuation


this is the level I'm going to buy
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forexyoga forexyoga
or just buy on this impulse? what is your entry strategy?
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Slow and steady, wins the race )
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Wave-Trader TOP HumairDawood
Yes but it is possible that we may see impulse.
+1 Reply
Technically, at point "E", the market should reverse isn´t it?
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Yes you are right lets wait for the hit of E leg then gonna look for continuation or reversal from E leg mate.
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it broke and retested that TL at 61.8, so i got in then! nice set up!
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Good luck for your timed entry.
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Conditions are not favorable at this moment for this pair to go up. This is in a consolidation state. Most likely, it will ripen in a week. The best idea is to monitor this pair with care.
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Agree mate good luck
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Yeah I agree. I think price is just going to hover and consolidate around 1.2173 - 1.2300
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thank u very much for your hard work . I think we are dealing with a possible ascending triangle :
snapshot
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yes i am agree with you mate but my A leg is different from your A leg
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Yes thanks mate....

Any idea on USDZAR??
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that s#@!t is crazy :0
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snapshot


This is my count! what do u think?:)
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Does this still falls under the structure or is it a different structure all together?
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