GBPUSD in next three days is in high probability for a drop of 140-150 pips. In this moment wave B-starting and C wave will be with extra sharp volatility. Good area for buys is over 1.1890-1.1875What is the supported thesis technically for the expected scenario on GBPUSD?
- Expecting start of B waves and final capitulation of C wave
- MACD will reverse a bit and after that will make a sharp move
- Strong support @ 1.1885
If you have any questions related to this trading idea I will be happy to provide you with answers.
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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.