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.
Comentário
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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.
If the colour of the candle is preventing you from seeing the structure, change it to line chart.
Kumail
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Not arguing with you - just curious! When changing to a line chart, the long wick disappears completely. Hence, for what reason would you suggest that your arrow indicates an impulse on this line chart?
For the record, I liked the part in one of you webinars where you said something along the lines of "if your strategy is based only on one 'type' of chart, e.g. bars and if you change it to a line chart, and your strategy disappears as well, then how can that be a valid strategy."
Don't remember the exact words, but I liked the comment!
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 ?
mette
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Hello Anil,
What is your suggestion for pullback point to sell?
Thank you!
Mete
TheTrader966
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i believe it is dropping right now. waiting for confirmation
RezaD
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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.
Ready to enter...