GBP looking to complete a Major 1-2 Elliot Wave cycle which began in 2017. This could be the formation of a generational bottom in the pound. Let the knife catching begin.
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In a small long now. Price clearly broke through the .786 . which indicates further weakness. Watching this closely to see if lower targets will be reached now. If lower targets are not reached, I would expect to see a strong reaction off this level fairly soon and would be looking for something like a V bottom. Knife catching is all about managing risk and knowing your scenarios. Stay safe out there.
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Possible accumulation pattern forming on the 1hr TF. Wyckoff is not my specialty but I can often seen the patterns forming and like to keep them in the back of my mind when looking for a bottom.
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Are you still in the game? Just front ran a major algo target by a few ticks. Need to be patient. Will be watching the daily close very closely.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.