xavier_56

xavier_56

here is what i think is happening on the GBP/USD,

xavier_56

I am waiting for a sell setup on the one-hour to enter the trade

xavier_56

wait for the three wave corrective structure to complete the enter the trade on a confirmed setup to the downside

xavier_56

wait for a buy setup on the one hour

xavier_56

this is my view on this chart ,we will be in a downtrend for the rest of the year or coming months

xavier_56

lets see

xavier_56

lets see

xavier_56

i trade based on wave patterns and they work perfect for me

xavier_56

i am interested in selling this pair

xavier_56

good trades for next week

xavier_56

good trade next week

xavier_56

lets see

xavier_56

here is what i anticipate

xavier_56

i am waiting for sell setup to sell

xavier_56

I anticipate a short term move to the upside then continuation of the downtrend impulse

xavier_56

This kind of divergence is rarely seen on charts buh when they occur. it means a continuation of the prevailing trend. in this case , we are in a corrective uptrend and as you can see the price action is making higher lows , while the MAC D is making lower lows. we have a 4hr buy setup in play. i would wait for a break and a flag to enter the trade, my target is...

xavier_56

my last analysis on this pair went as i anticipated ,we got that down move now the up move is just ready to start. i would take the trade on break out. i would hold the trade to the top of the structure then see if it breaks through for a more larger move.

xavier_56

this is what i think