glennmercer
Long

GBPUSD Wave Count: Short-Term Rally After Wave-b Completion

FX:GBPUSD   British Pound/U.S. Dollar
Hey traders! Looking to buy the completion of this wave-b, and this position will account for multiple variations of the sideways correction. The one variation however, that it will not account for, is an expanded flat. This is a real possibility with the volatility we're seeing from this pair so any entry should be pending confirmation of the completed correction with a rally on the smaller TF and should be entered with a cautious position size. More to come
Comment: Traders! Looking good. Moving stop to B/E
snapshot
Hi, I count it is 5 wave structure of wave X bar by bar. Sorry for mentioning this.
+1 Reply
Hi YK! Alternate viewpoints highly encouraged thanks for your input. Do you have a chart?
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