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British Pound / U.S. Dollar
Short

Pound reversal

By Infinity_Limits_Trade
Updated
A good and visible reversal is coming for GBPUSD. We already formed 5 waves of Elliot. And potential new wave to the downside is already formed. Also on the daily timeframe we got potential new LH (lower high). So for the next week waiting for some pullback in order to open my short position
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GBPUSD - we already got a pullback and the order is active
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Very nice reversal on this particular pair. Absolutely in love with this. Discipline and patience are key! Have a look on the 1H timeframe!
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Finally we got that impulse to the downside and hit our level of support. Price is now sitting in that area, we got also false breakout of our support level and now the Bullish engulfing candle is forming. SO price get back to that level of support. I think the price can go a bit up and fill at least 50% of that move before further impulse to the downside will form
Chart PatternsTrend AnalysisWave Analysis

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