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British Pound / U.S. Dollar
Short

GBPUSD setting up for big wave

By Wave-Trader
Updated
This pair is setting up for big wave to the downside. Bears are getting in at the top but currently bears are not strong enough to push the price to the downside. On lower time frame one small wave to the upside is possible with in the 1 hr channel if that wave come then look for sell from top . Good Luck fellows.
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Here is the lower time frame pattern formations. Watch the top if price test that top look for early sell at the top fellows. snapshot
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Lower degree channel broken up watch the top again for short.
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Hi fellows so far so good watch top for short. Selling with in the pattern always is a bad idea and carry huge risk. Learn the patterns you will know Entry and stop placement and the direction of the market. so far we are in the pattern so watch the top for short. snapshot
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SO far this pair is doing an excellent job. If you did not sell from top Watch for breakout and TCP after that. Dont sell on breakout snapshot
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GBPUSD Watch breakdown
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snapshot
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snapshot
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GBPUSD Sell the strong breakout
Elliott Wave
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