Akkard
Long

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 !
Comment: 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!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out