GBP/USD - Aug.2.2020
Updated
At the end of the 5th wave there was a false breakout of the upper trend line. The price must come back within the equidistant channel to confirm the Wolfe Wave patter. Once this happens, a short position would be a reasonable trade.
Entry : 1.3077
SL : 1.3195
TP : 1.1887
Entry : 1.3077
SL : 1.3195
TP : 1.1887
Comment
Sorry, I made a mistake when I typed the entry value. It should be 1.2968 as shown in the chart.
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