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GBPUSD Bearish Wave Starts
British Pound / U.S. Dollar
Short
GBPUSD Bearish Wave Starts
By larry47
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Updated
Aug 8, 2017
1
Aug 8, 2017
GBPUSD decisively turns back down after hitting Fibo target 1.618, completing ABC correction. See self-explanatory graph.
This is quite early in the Bearish trend development, so you get a great price if you sell now. Put a stop loss above 1.32
Aug 8, 2017
Note
The letter C should be at the 1.618 level. Forgot to update it.
Elliott Wave
Fibonacci
Trend Analysis
larry47
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