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melvinljw

Short GBPUSD

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
melvinljw Updated   
FX:GBPUSD   British Pound / U.S. Dollar
short GBPUSD Elliott Wave
10
0
short gbpusd elliottwaves
Bearish Elliot 5 Wave structure since Brexit.

Impulse Wave 5 to begin, after Wave 4, ends.

Short : 1.259
SL : 1.2715
TP : 1.19
Comment:
Calculated new TP base on percentage decline of wave 1 top to wave 4 top = 16% drop.

Ambitious TP : 1.06
Comment:
SL shifted to 1.2510 to defend profits
Comment:
Trade Closed.
Pending Short order again at 1.264-1.27 region
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