colinsheen
Long

GBPUSD LONG setup, potential ending diagonal

FX:GBPUSD   British Pound/U.S. Dollar
368 1 10
Bearish immediately, which is in line with my Long USDJPY             and short EURUSD             view. But GBPUSD             is forming a potential ending diagonal which may provide a very good long opportunity in the medium term.
Comment: Entry is around 1.5080-1.5100, stop loss at 1.495, where wave ((5)) will be longer than wave ((3)), and invalidates this ending diagonal count.
Hello, nice count, the ED would be and "ideal" scenario. From my point of view the rally already started. Thanks for sharing.
+1 Reply
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