Looking at shorting GBPUSD down to 1.35338 to 1.34793 area.
Once price gets to that area, looking for that to trigger institutional longs to complete the 1-2-3-4-5 Weekly Wave cycle.
Looking for that to be the beginning of Wave 5 on the Weekly timeframe, with a swing target of 1.47000.
Invalidation level is 1.34116 (current low)
This last mini down move before...
Could be wrong, but looks like correction is close to being over
Daily timeframe hit 88.6 fibs and looks to be accumulating waiting for liftoff
If we get more bears on DXY, likely that both EUR and GBP are bullish, meaning we'd be bullish here too
Technicals are there, just have to wait and see
Looking like accumulation to me
In one day went from about 1870 to 2000, since then have been correcting
Hourly timeframe looks like it may have made ABC correction and this could be wave 3 of 12345 series
Bigger picture/timeframe -- this accumulation looks to be happening at end of overall correction as well
Maybe next stop 3k? Then where from there?