GBPUSD Big Up Move After This

Hello Traders,

Look for the down move to 1.20450 / 1.20065 range to complete the 123 correction and then I am expecting reversal so we will look for long setups to ride it back up and break the last high we made in mid September.


Feel free to check out some of my other ideas and let me know if you want me to cover a chart that I have not done or updated in a while.
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Thank you

评论:

Huge bounce, be careful because this can just be a trap. It is possible that this just completed a running flat correction which will still go down like this.

We need more confirmation to verify that the down move is over. For now, I would stay out.

评论:

At this point if we don't get a hard fall very soon then this move will be much more likely at this point since technically we can declare the down move to be over. But just watch out because jumping in a buy now can be trouble as they will probably push it down a bit to take people out before moving it back up again.

评论:

Next stop 1.25853 zone break!!!!!

评论:

Target reached! Now we wait and see what the price action shows us. I will keep you posted.