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British Pound / U.S. Dollar
Short

GBPUSD SHORT OPPORTUNITY

By drin
Updated
GBPUSD it's on the B corrective wave, I m looking to go short for the C wave after a sell setup appears on lower timeframes , which will complete the ABC corrective structure before heading for the next impulse up. Trade your plan
Trade active
Shorted the fib level :
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I'll look to add more positions on the breakout
Trade closed manually
Took a loss here, trade didnt go as I planned it would, will wait for a more clear setup now
Comment
After GBPUSD broke out, now it's consolidating and it would be good to buy the breakout of the corrective structure
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This thing has been a pain. I think its now the time this thing goes for more upside after this structure:
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It will either go now or it wont go and will go for a deeper ABC correction in the bigger structure
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The C wave on ABC correction it's about to finish, I think there is one more last down move before going up, anyway I'll wait for an impulse up , a correction and take the next impulse after that.Without confirmation I wont enter because we dont know if the C wave is completed yet. Trade your plan
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ABCBearish PatternsBullish PatternsbuycorrectivedollarElliott WaveGBPGBPUSDpoundSELLshortstructureUSDwavewaves

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