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ChasingTheMoon
Feb 9, 2020 5:56 AM

Short on Daily Pullback, Long on Weekly Wolfe Wave Short

British Pound/U.S. DollarFXCM

Description

On the daily chart, structure support has fallen. I expect the price to stop at the nearest support and pullback,. providing a good area to look for a short position.
On the weekly, a possible future setup for a Wolfe wave something to look forward to in the near future.

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price may break Weekly support and target 1.272 Fib, before coming back to validate a possible entry for the Wolfe wave.

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