FX:GBPUSD   British Pound/U.S. Dollar
269 1 2
GBPUSD             long. 1.6 would be a good long area. I would like to say low risk with a tight stop, but there could be a spike down to knock you out before it goes up again.

The lines drawn relate to clones so the move from jan 09 to jun 09 is cloned again now with two equal legs again (the 2nd leg forming v shortly back up to 1.84 ish             . Unusual for a deep wave 4, but the weekly indicators are quickly unwinding.

Worth a shot just based on risk:reward. Price action too hard to analyse imho.

Related Ideas

Monk
GBPUSD long
Monk about FXB 2 years ago
Recluse82
2 years ago
do not long, gonna be new low below 1,35
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out