gbpusd mid term setup

FX:GBPUSD   British Pound/U.S. Dollar
Hello everyone.
II will be posting here my ideas so i can keep track of them.
Why i dont publish in private? Because i am open to any suggestion, so if anyone has something to tell me i'll be glad to read what he or she has to tell me!

This is another setup i will have in mind, in this case gbpusd             is showing a corrective phase that looks like a simple abc correction (just to clarify the idea that another move up is needed, for the moment im saying a simple ABC, but in the future it could develop as something more complex) so if it is the case, should be a good idea to buy and catch wave C. I will be looking this in D1 chart, to see if a breakout occurs, in that case i'll buy. The first target could be the end of wave A, and a second target could be where wave C equals wave A, and top of the channel.

Thank you for reading.
Have a nice day !
Because of the recent drop in gbpusd, it might be a good idea to buy now, and have a tight stop.
I will enter long with a small position and set my stop just below the start of wave A.
Then if price breaks out of this wedge, i will add!
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder 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