It looks like we have B wave finished, so lets be prepared for possible continuation of bullish movement.
Update of waves, seems instead of triangle we have simple correction in 4th wave.
Price is in channel. Moreover, price respected the yellow zone, which is 0.5-0.618. Also, seems that 2nd wave was completed. Stop is tight, so be careful.
A bit strange that corrective waves (2nd and 4th) are in flat form, but lets see, market will decide :D Also, my take profit is big, but i ll close earlier because according to wave principles its impossible to have 3rd wave as a shortest, so 5th will be shorter thsn 3rd wave. Keep that in mind.
Unclear situation, seems we may create triangle, but hope after Monday and Tuesday market will make things much more clear
Price seems to continue go down again because we are approaching 0.618 fibo level.
Price was soooooo close to the stop loss :D :D :D ,but fortunately we went up, im keeping it till next reversal patterns.
I ll short after reaching upper trend-line, maybe earlier, if ll see reversal patterns.
2nd wave (green) seems to bu finished in upcoming hours, so we may see this pair going down deeply :3
Keeping longs on this pair. We may see retracement on this pair also, which may be the 2nd wave (red), but after we will continue to go up.
Pendint order is put, im waiting for price to retrace and after i ll enter long trade on this pair. So, be patient :) BTW, stop loss is put beneath 0.72 fibo level
GBPUSD pending order was activated, so i ll trade last 5th wave ,before taking short trade on this pair. Stop loss is tight (tight for swing trading).
We are in 3rd wave, also down trend-line was broken, seems that price is retesting it. So, we may see bearish impulsive wave on this pair.
Previous short on this pair are kept, and stop losses are on breakeven prices. Stop losses is set higher than 2nd wave, the reason is because wave theory telling us that 4th wave can not cross the ending point of 1st wave, but i put higher than 2nd wave to play it safier.
Wait for the breakout of the triangle. It may heppen on Friday, or next week (just in case, if tomorrow will be flat).
4th wave (green one) seems to be completed, so be prepared to long this pair. I myself will keep the longs on this, and will add on longs for 5th bullish wave. Also, price approached to significant fibo levels.
Price is approaching to out pending trade (buy limit), so be careful. My peding order is set from previous week.
Keep this trade ,we may see continuation of bearish domination. My stop loss is on breakeven