Possible 5th Wave down to complete a zigzag correction
Recent poor growth figures and low inflation in the UK have led to calls for a interest rate cut. Therefore I'm looking for short trades on GBP .
All of the GBP charts have a similar structure i.e a incomplete zig zag or ending diagonal in the A position.
This GBPUSD chart looks ready to go short to complete the zigzag. I don't often give targets but in this case target one has to be previous low with target two at least the 1.27 extension of the 3rd wave. Price could push further to the bottom of the 4th wave of the impulse.
Steve Nixon
logicfxtrading
This is only for educational purposes and not meant as investment advice
You can find all my links below
Follow for updates
All of the GBP charts have a similar structure i.e a incomplete zig zag or ending diagonal in the A position.
This GBPUSD chart looks ready to go short to complete the zigzag. I don't often give targets but in this case target one has to be previous low with target two at least the 1.27 extension of the 3rd wave. Price could push further to the bottom of the 4th wave of the impulse.
Steve Nixon
logicfxtrading
This is only for educational purposes and not meant as investment advice
You can find all my links below
Follow for updates
Twitter: twitter.com/logicfxtrading
Facebook: facebook.com/logicfxtrading
Telegram: t.me/logicfxfreetrades
Flipboard Magazine: tinyurl.com/yazs9szc
Facebook: facebook.com/logicfxtrading
Telegram: t.me/logicfxfreetrades
Flipboard Magazine: tinyurl.com/yazs9szc
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.
Twitter: twitter.com/logicfxtrading
Facebook: facebook.com/logicfxtrading
Telegram: t.me/logicfxfreetrades
Flipboard Magazine: tinyurl.com/yazs9szc
Facebook: facebook.com/logicfxtrading
Telegram: t.me/logicfxfreetrades
Flipboard Magazine: tinyurl.com/yazs9szc
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.