WeTradeWAVES

GBPUSD leg down to complete the correction

Short
FX:GBPUSD   British Pound / U.S. Dollar
We are expecting this pair and all the majors to make a leg down to complete the correction, If we get a sell setup next week we will enter otherwise we will stay away from this pair. Do not jump in the sells without a setup it can continue going up with small corrections.

We will only enter when we see our setup if it keeps moving like it did last week without giving us the structure we need we will stay away. Its not always about being right in the market its about being on the right side of the bigger structure, if 10% of the time market goes against you, you should not change or question your concept that's what market makers wants you to believe.

Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.

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What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...

Trade with care
We Trade Waves