FX_IDC:GBPUSD   British Pound/U.S. Dollar
185 3 8
Since January this year PA has all been corrective as an on-going correction (4).
Now on it's last leg up wave v of expanding diagonal (c), for completing this correction (4).
Point of invalidation of this wave count is at bottom of purple ii.
Deep retracement of orange wave 2 provide 2nd chance long entry, or being invalidated @ SL 1.4950
snapshot
Reply
I see you subscribe to the theory that wave iv CAN enter into the price territory of a wave i in non-cash settlement instruments as in forex, huh? Not disagreeing with you on that. I also think so but not by too much. I also agree that this pair along with EUR both have a HUGE wave (c) yet to come. It an outlook I had been foreseeing since 5 months ago. Such long and convoluted corrective wave iv though. Hope it's finally over. May need to wait a few more days though until after the Fed rate decision.
Reply
TradingEW EverythingForex
Well done! the market is following your call.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out