jfim1

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100 % forex
Top Mentioned Symbols
GBPUSD 100% | 2
jfim1 jfim1 GBPUSD, 60, Long ,
GBPUSD: A GBP/$$ Correction
75 0 1
GBPUSD, 60 Long
A GBP/$$ Correction

The lack of motion with bars closing within a relatively narrow range says we are in a correction. The choppiness suggests we are in a wave b up within a larger correction. This is my primary scenario. If the current upswing that is moving up to wave b fails to exceed the wave A' high then I would expect a move down to fibonacci support (horizontal line), ...

jfim1 jfim1 GBPUSD, D, Long ,
GBPUSD: GBP/$
62 0 1
GBPUSD, D Long
GBP/$

Price is above the moving averages and the RSI is above 40 in this chart so the trend in this time frame is up. Since I believe we are in a c wave of a larger expanded flat, I am placing long trades at signal entry points derived from shorter time frame charts. I will begin liquidating my positions near the 9/18 highs. If price breaks below a moving average on ...

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