FullTimeTrader
Long

GBPUSD-nice technical setup

FX:GBPUSD   British Pound/U.S. Dollar
1673 16 35
This is one of prefered setups:

- trendline support
- 0.61 fib retracement
- bullish hidden divergence
- engulfing bullish candle
- from EW perspective this is a a possible 1-2 (big trend starting)

Regards.
Comment: first and second target hit, waiting third target to be hit because i see still bullish potential
yes pullup on card but overall i would look for sell opp'ty
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Thanks for comment. Based on? My long term bias is very long on this pair. The EW count shown on my chart is my prefered. I will publish a long term analysis later.
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4950 still reachable on downside
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It would be better if you attach a chart so i can see your setup. Regards
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https://s3.amazonaws.com/tradingview/r/R5BAGBrv_171_121.png
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Hello, please check your rules, it seems its not a valid pattern. Anyway, price action is too far. We should go step by step and trade patterns that are near completion. Regards.
+1 Reply
Miltonfx FullTimeTrader
The rule I am seeking is not still good it's AC should be 1.13... D point it's the maximum of BD expansion... 1.60 it's the usual pattern, following the rules I found googling
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Genio!
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Gracias!!
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About to hit the trendline ,
Do u expect it to brake it or what scenario do u expect Can u please mention .
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FullTimeTrader SatyaRanjan_Das
Hello, i expect a big rally from here, price could make some reaction near the 1.1500 level but i would not entry short thee. I will focus mainly on longs adding position after a pullback. Off course its just my point of view, the market will tell.
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SatyaRanjan_Das FullTimeTrader
Sry But 1.1500 level ???
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FullTimeTrader SatyaRanjan_Das
Lets wait for more price action an then we wil see, right now im long managing the trades. Regards.
+1 Reply
SatyaRanjan_Das FullTimeTrader
Thanx.
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Good job!!!
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