masagrooove
Long

GBPUSD LONG SETUP BUYING DIP ECB DRAGHI SHINE?

FX:GBPUSD   British Pound/U.S. Dollar
468 4 13
We have a crucial ECB meeting ahead.
ECB Rate: 12:45 (London Time)
ECB Press Conference: 13:30

'Risk-On Risk-Off' ,unlike Japanese-Yen, the EUR is only winning because of Brexit since going down with Sterling. (EUR&JPY, both funding currency, currency carry trade)

Plan A - Order Buy 1.41500
Plan B - Order Buy 1.40100
Swing Target 1.45600

This is for my trade journal only feel free to comment.
Comment:
snapshot

Brexit Risk-Off could favor new haven currency bid in EUR/GBP. If the ECB measures disappoint, further upside and a break above 0.80 is possible.
Trade active
Comment:
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same analysis here; do you combine Elliott wave and fundamental analysis with each other? ( as you mentioned in your status you trade fundamentally)
Does GBPUSD impulsive phase over.?
Reply
farid_ardavani farid_ardavani
in my update i anticipate one more wave to down side as you do.
Reply
farid_ardavani farid_ardavani
snapshot
Reply
masagrooove PRO farid_ardavani
Hi mate, many thanks for your message and advice. Sorry for my delay respond since I did not realize until now really! I am technically really beginner, studying Elliot recently. I am totally fundamental trader but now I am learning technical. Your analysis are really great, thanks for sharing. Cheers,
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