GBPUSD (Sterling) Moves exactly as we predicted and our trading recommendations worked perfect also.
Our target to place the last leg of this whole chapter was to terminate at 1.4825 and exactly happened as per achieved target in the shape of wave (e) which ideally is placing for end of configurations here in the shape of wave (V) terminations.
At this time we are entering in the world of uncertainity , simple is that. I prefer it to move 1.47 and then rise again and have to round here as bottom in the shape of wave B or even a new chapter rally can start here.
We are going to off our calculations here on this pair and will leave it for some days to clear more.
Already we took nice profits out of it also.
Trading recommendations :
We were sell from 1.4939 and achieved target near 1.4830. We will stay neutral and wait for fresh buying opportunities from dip or if some more understandable analysis build , we will update it.
Our target to place the last leg of this whole chapter was to terminate at 1.4825 and exactly happened as per achieved target in the shape of wave (e) which ideally is placing for end of configurations here in the shape of wave (V) terminations.
At this time we are entering in the world of uncertainity , simple is that. I prefer it to move 1.47 and then rise again and have to round here as bottom in the shape of wave B or even a new chapter rally can start here.
We are going to off our calculations here on this pair and will leave it for some days to clear more.
Already we took nice profits out of it also.
Trading recommendations :
We were sell from 1.4939 and achieved target near 1.4830. We will stay neutral and wait for fresh buying opportunities from dip or if some more understandable analysis build , we will update it.
