ryanquah
Short

GBPUSD corrective reversal in sight

FX_IDC:GBPUSD   Pound Sterling/U.S. Dollar
13 0 1
On 60 mins chart. price has performed two section (A&B) of an ABC correction. Shaded blue area represent end of Wave C target where we will look for reversal candles for a short setup.

Wave C target is derived from a confluence of fib levels where internal retracement 76.4%, APP 100%, external retracement 127.2% created a narrow trading zone.

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