WaveAlchemy
Short

GBPUSD HOURLY BEAR - SHORT SETUP

FX:GBPUSD   British Pound/U.S. Dollar
51 0 6
Hi all

price made higher highs, calling for a recalculation of alternate 1. Alternate 2 appears to be the more probable count.

Subminuette wave b orange = 1.05 x wave a.

Price opened below the channel this week.

IF wave 4 moves beyond the end of wave 1 in the alternate 2 count, alternate 1 will NOT be confirmed. Recent highs must be legitimately integrated into the A1 count.

Plan is to anticipate the last corrective actionary wave c.
_______
Confidence = orange channel violation
Confirmation = 1.4473
Target = green structure channel
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