Hello traders.
I'm waiting for a huge drop in GBPUSD for a long time. Now, it can be time for the next weekly down impulse. But still, it's too early to say.
There 3 options as I can see and 3 different targets.
(1) Down move can be X wave. In this case, 1.35 should be the target.
(2) Down move can be the bigger corrective structure for more upside.
(3) Down move can be the weekly down impulse. In this case, the target should be any price blow 1.0520, which is all time low.
At this point, I'm waiting for a correction. When it makes one, I will put an entry order down below the last bottom.
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
I'm waiting for a huge drop in GBPUSD for a long time. Now, it can be time for the next weekly down impulse. But still, it's too early to say.
There 3 options as I can see and 3 different targets.
(1) Down move can be X wave. In this case, 1.35 should be the target.
(2) Down move can be the bigger corrective structure for more upside.
(3) Down move can be the weekly down impulse. In this case, the target should be any price blow 1.0520, which is all time low.
At this point, I'm waiting for a correction. When it makes one, I will put an entry order down below the last bottom.
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
