GBPUSD Watch for continuation

OANDA:GBPUSD   British Pound / U.S. Dollar
Hi there, It is breaking watch for continuation. Close above the previous high will invalidate the short term sell idea.

Good Luck.
Comment: We were looking short last time as well But anticipating one more bullish wave before breakdown but we got the breakdown before having bullish wave. So one more bullish wave is also possible with in this pattern. As long as price will stay below the previous impulse it will remain bearish so close above will change the setup. Make sure your stop should be above the impulse.
Comment: One more wave was possible there. It is still bearish pattern formation.
@Wave-Trader This Already Active? Can You Give Me Stop loss
Agreed. This is where I am as well. I am holding short, the RR is looking good ,my concern is in the retail sentiment, the number of traders net long is dropping and net shorts are climbing abit... usually a move up would follow this. So i will close shop on this trade at yesterdays high.
thanks WT! Does it means the same for GBPJPY?
again one a good idea..
thnx !
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out