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glennmercer

GBPUSD Wave-X Complete with Bat: Ready to Rally

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
glennmercer Updated   
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD cable rally wavecount Elliott Wave glennmercer gmercerfx Harmonic Patterns
14
9
gbpusd cable rally wavecount elliottwaves glennmercer gmercerfx harmonicpatterns
Hey traders! Looks like the minor degree Wave-X is complete on GBPUSD. In addition to the wave count, a bullish bat is complete and has shown some pin support. I want to buy here with a tight stop below the root of potential wave-1. If SL is hit, this is not the first wave of the rally and I don't want to be in the trade any longer. Otherwise, we have huge profit targets above including missed pivots and weekend gap level. Happy trading!
Trade active:
This one is live, my SL is 8 pips:
snapshot
Trade closed: target reached:
T1 Hit! We need a recount on the X terminus. More updates to come. Cheers
Trade closed: stop reached:
To Clarify, Stop was reached after hitting T1 Cheers

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