PriceActionTrading
Long

3 REASON WHY YOU SHOULD BUY THE POUND

FX:GBPUSD   British Pound/U.S. Dollar
705 6 16
SEE CHART.
TRADING THE 78.6% OF THE BULLISH IMPULSE UPWARDS.
ALSO THE 161.8% OF THE CORRECTION WAVE.
RSI D1 DIVERGENCE.

BUY @ 78.6% WITH SL BELOW 88.6%.
TP1 - 61.8% OF CORRECTION
TP2 - TOP OF BULLISH IMPULSE.

NOTE THAT I ALSO HAVE A GBPJPY             SELL SETUP. IT IS CONTRADICTING, YES, BUT YEN HAS BEEN WEAK WHILE DOLLAR WAS STRONG. SO THERE ARE DISPARITY. BOTH ARE VALID.
moneymaking
2 years ago
We are seeing so many RSI divergences, n so many pairs. It's crazy :)
+1 Reply
PriceActionTrading moneymaking
2 years ago
Yes indeed. It should be a good week onwards.
Reply
URIFX
2 years ago
Agree! My counts on Elliott wave also come up the same idea! Your charts are always clear and clean!
Sincerely,
GBPUSD: Wait for comfirmation of next impulse wave
Reply
PriceActionTrading URIFX
2 years ago
Nice. I know theres a count somewhere but to me the "counting" is irrelevant. But thats just me :) All the best to us.
Reply
Hmm I need to see some sign of reversal to support the idea, I´ve been cut many times with a failing knife
Reply
PriceActionTrading Realisto_FX
2 years ago
Yes definitely. Looking for reversal around the 88.6% since 78.6% was broken.
Reply
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