FX:GBPUSD   Pound Sterling/U.S. Dollar
260 0 0
Here is a chart for mr Wilson. i think you misunderstood me today and i'll try to explain what i meant earlier..

where you stated that it was a good place to short "right now" i noticed another pattern that i think is similar to an ABC short setup. not entirely by book according to Elliot wave by my interpretation is still here.

now as you se we have 3 peaks where the last two lose force in momentum, peak 2 and 3 have lower histogram reading on the macd . i drew some lines to illustrate this. notice also how the last peak up (3) starts at point 1 of my Fibonacci retracement . after this kind of bar pattern i noticed the setup of price going down to A then up B and then broke A again forming C. it is this formation that i call ABC short, and as such i would like to short it yes.

as you stated on price was exactly there when you mentioned it but i don't think i got my point across. either way i would enter this at the 61 retracement and have a target 1 at the 161 Fibonacci level. it just also happens that this level 161 coincides with another previous resistance zone , arrows and boxes showing this.
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