Just a quick plot to watch the three zones of interest for possible short entries.
The three zones are in my opinion resistance.
The zone marked with end of Wave (C) is most likely I think.
Barring great news regarding Brexit, I think the bounce is almost done.
Looks like an ABC correction to a down move.
Background:
This is an update to my last short term Idea looking for the dip and bounce
My GU adventure started with a search for top of uptrend around Sept 20th
Then came the big drop, which I caught most of. Then I started looking for bounces to short
After catching a few scalps and a couple big rides down, I was then waiting for a pull back again
During the pullback, I managed to get in a few short scalps but with tight stops
Then, just before NFP, the Pound started getting some good news and showing signs of bullishness so I threw some longs down
Which brings me to the current plan, looking for an ABC correction to end soon
The three zones are in my opinion resistance.
The zone marked with end of Wave (C) is most likely I think.
Barring great news regarding Brexit, I think the bounce is almost done.
Looks like an ABC correction to a down move.
Background:
This is an update to my last short term Idea looking for the dip and bounce
My GU adventure started with a search for top of uptrend around Sept 20th
Then came the big drop, which I caught most of. Then I started looking for bounces to short
After catching a few scalps and a couple big rides down, I was then waiting for a pull back again
During the pullback, I managed to get in a few short scalps but with tight stops
Then, just before NFP, the Pound started getting some good news and showing signs of bullishness so I threw some longs down
Which brings me to the current plan, looking for an ABC correction to end soon
Note
GU hit the first target, pulled back a bit, and went above.However, given the strong risk-off sentiment, I do not think it will reach the next target.
Note
I thought the Pound would go up to the next zone in original chart, but it seems a serious cluster of fibs developed since I posted it. So now I think it may have topped here Note
Interesting spike in Asia session brought GU right to my original zone 
the Golden Ratio is my Religion
the Trading View is my Nation
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the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.