AbhishekHSinghCMT
Short

GBPUSD--1500 Pips...3rd Wave Down Post 2nd Wave till 1.5000

FX:GBPUSD   British Pound/U.S. Dollar
168 2 8
Cable--I warned that we are moving up in 2nd Wave & maximum upside expected was 1.5130--1.5150 or maximum 1.5500--1.5550 which will retrace 80% of 1st Yellow Wave....This Downside Explosive Movement confirmed that 3rd wave is under play...As per last update--"GBPUSD-Possible Jump in 2nd wave till 1.5150 "-- I warned do not get trap on long side of pound....Look it has unfolded in similar fashion.....In Dollar Yen as well we kissed our target zone -106.75 before crashing down & going to 98 levels...105.05 was crucial resistance which one should have taken as important support on polarity reversal basis-where support turns into resistance & resistance turns into support. Regards, Abhishek H.Singh, CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
+919833996865 | LinkedIn
ahmed.zeyada
5 months ago
are u sure (1) is impulse ?
Reply
Yes...Because post (1) st Wave there is 3-Wave Structure making high@1.5931....3 Wave Structure's are corrective so it is impulse...but if GBPUSD starts trading above 1,5931--it should become (A)--(B)--(C) structure...but the fall which we had yesterday from 1.4850...clears that it is 3rd wave of 3rd wave...so you know what...EURUSD also will collapse....India Nifty too...Dollar Index till 105....July--Aug--Sep...2016 going to be tough..Regards
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