EverythingForex
Long

UPDATE #1: ANALYSIS: GBPUSD; Has Wave 3 of 3 Begun? Or Not Yet?

FX:GBPUSD   Pound Sterling/U.S. Dollar
Updating my previous post on this pair, (see Related Ideas: "ANALYSIS: GBPUSD             ; Has A Wave 3 of 3 Begun? Or Not Yet?"), the two Gartleys that I posted were both invalidated by PA that exceeded both patterns C points. In it's place, it created 2 POTENTIAL bullish cypher patterns instead. Notice also that I have updated my wave count to include the recent new price high from the "spike" failed attempt to break the BAMM line but failed to close above it.

From the wave count, it is plain to see that the current move down is a corrective and when finished will resume an up move that I believe will take prices up and over the BAMM line breaking that strong resistance structure. Also keep in mind that since by my wave count this is a corrective wave (wave 2) following on the heels of a 5 wave impulse wave up (wave 1), the next wave after the current corrective wave is done will be a wave 3 motive wave.
NEW! Trade Profit Guarantee! Our trade recommendations guaranteed to be profitable! For details, go here: http://bit.ly/2zHramR
Performance Summary & Public Trade Log: http://bit.ly/29AeqnC
Want results like this? Subscribe here: http://bit.ly/29x4bfM
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out