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FUNTRADER-Vera
May 23, 2019 7:43 AM

2305 GBPUSD is still on the purple 3rd wave targeting 1.25 Short

British Pound/U.S. DollarFXCM

Description

We missed a strong bear bowl to short GBPUSD where we were hoping GBPUSD could struggle to make a higher high before a scenario like this.
The yellow unfinished five-wave grand super 2nd correctiv wave now is on its 4th corrective wave targeting 1.2500.
This a position looking for a new swing up to finish the 5th wave.
At the end of this 5th wave, the main trend could start its 3rd grand super wave down to see 1.218.

Less is more!
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