anilmangal
Long

GBPUSD corrective structure

FX:GBPUSD   British Pound / U.S. Dollar
9262 20 256
Hi Guys, the GBPUSD             seems to have completed an abc correction after a sharp up impulse. I am expecting one more up impulse. If it breaks out of the correction and makes a lower degree correction I will be looking for buy setup.
I will post updates on lower time frame.
PLEASE TAKE NOTE THAT THIS IS MY ANALYSIS BASED ON WAVE STRUCTURE. IT IS NOT A TRADE CALL.
You will have to take any trade based on your strategy and plan. If you don't have any, then you should stop trading and try getting more knowledge before you risk your hard earn cash.

Trade with care
Thank you for support.
Comment: Ok Guys the up move looks like it's completed so now we have an abc correction so the down move could start now. Wait for a correction then sell.
snapshot
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@anilmangal sir Update ?
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Sir in 15 min chart it's seem like 12345 wave pattern is going to complete in GBPUSD if it's go down from this level sir any Update ?
Reply
Nice one! I believe correction has passed now?

Ready to enter...
+1 Reply
thegeneral1 bossieken
What's the target for this trade anil
+2 Reply
Hello Anil,
What is your suggestion for pullback point to sell?
Thank you!
Mete
Reply
i believe it is dropping right now. waiting for confirmation
+1 Reply
Its completing the sub wave number 4 of wave C. We will see another uptrend to complete sub wave 5 which will finish at level 1/2626. Then the main wave 5 can start from that level and go down down down.
Reply
Gosh you are prob one of the best traders out there. Thank you for spreading your knowledge.
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what i can i say, you did it again brilliantly dear Anil !
Reply
snapshot


Hopes it will go! nice Anil
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