GBPUSD LONG term SELL setup
מעודכן
Looks like pound comleted a big corrective structure. (wave 4 red)
It means, that buy targets may be already reached. and it's time to look for SELL opportunities!
1.2683 is 61.8% of wave A(yellow), possible end of final wave C(yellow).
Now wave C (1-2-3-4-5) structure is close to be broken.
Here is close look.
this breakout should confirm the begining of a long time BEAR market.
LONG TERM SELL targets are: 1.17; 1.11; 1.01.
Keep an eye on it!!!
Don't miss a BIG move DOWN!
It means, that buy targets may be already reached. and it's time to look for SELL opportunities!
1.2683 is 61.8% of wave A(yellow), possible end of final wave C(yellow).
Now wave C (1-2-3-4-5) structure is close to be broken.
Here is close look.
this breakout should confirm the begining of a long time BEAR market.
LONG TERM SELL targets are: 1.17; 1.11; 1.01.
Keep an eye on it!!!
Don't miss a BIG move DOWN!
עסקה פעילה
currently market corrects 2feb-3feb fall.עסקה פעילה
Breakout is done.flag is formed or still been forming.
watch it!
dont miss this SELL!
הערה
GBP currently performs correction pattern.Wait for pointed targets to be reached.
then wait for breakout of wave's c trendline to sell it.
עסקה פעילה
looks like flat pattern corrected 38% of 7th feb 5:05-11:20 move.הערה
be cautious with gbp next 2-3 days.my sell call caught 150 pips decline move.
now gbp needs to form some correction pattern.
levels to watch:
market listens to BOE, brexit execution news.
to short gbp we need a clear corretion pattern, which should be formed in 2-3 days.
הערה
GBP is worth to look at.now wave c is 38% of wave a
but wave b corrected only smth like 32% of a. (it should corrected at least 38 to be good)
maybe it nice sell point. with sl beyond local top.
הערה
GBP corrected 61.8% of 2feb-7feb bear market and start falling.LONG TERM SELL targets are: 1.17; 1.11; 1.01.
הערה
gu still looks mostly unclear in s-term and m-termpossible scenario.
s-term buy targets: 1.2528; 1.2618
הערה
1st s-term buy target is 95% reached (1.2528)actual price was 1.2523
עסקה פעילה
looks like long-term SELL is actual.wave 1 is corrected by ABC (as predicted - 1.2528 buy target)
wave 1 (blue) might be a part of a diagonal of greater dergee.
purple abc(lesser degree) was formed and broken.
watch it. long term targets are: 1.17; 1.11; 1.01
עסקה פעילה
possible sell opportunityR/R ratio is 4.5
הערה
gbp price action is far from being perfect.if wave 2 is done, price should move to 1.238
if not, thehe is a possibility of upside move. (targets: 1.2528; 1.2618)
I'm not confident. it's too much unclear for me.
looks like consolidation is still in progress. be cautious.
הערה
finally I see smth intersting in GBP!looks like correction is formed.
inside wave C: wave 5 is 161.8% of of wave 1 (1.2570)
watch this breakout to SELL.
l-term targets are: 1.17; 1.11; 1.01.
עסקה פעילה
trendile was broken.gbp might resume fall or make a correction pattern 1st and then move down sharp!
watch it! it's very interesting now!
LONG TERM SELL targets are: 1.17; 1.11; 1.01.
הערה
wave (1) is formedwave 5 = wave 1
wave (2) unfolds.
wait for correction.
I expect a good sell opportunity on next day.
הערה
possible expanding trianglewatch breakout
עסקה פעילה
GBP has broken triangle.הערה
הערה
הערה
looks like resell pointהערה
short term targetsהערה
updated targetsהערה
1,22417 (61.8% target) is reached.עסקה פעילה
re-sell pointהערה
looks like wave (3) or 1 (yellow) is formed and trendline is broken.so gbpusd needs to be corrected.
העסקה בוטלה באופן ידני
2 feb - 3 mar bear/sideways market looks like ABC correction. (C)=(A)I expect 2 waves up in m-term before l-term bear market unfolds.
m-term buy targets: 1.31 and 1.38.
s-term buy targets: 1.2656, 1.2928 and 1.3369
GBP long term sell opportunity will occur in future (maybe in late May).
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