GU ShortFollowing the previous structure, I believe this is a good opportunity to short.
Currently targeting 1.41, however, this may change to 1.40.
Cableshort
GBPUSD right on long term channel resistanceIf you're going to take a position for the week, short now.
Stop loss : 1.4660 or if you want something riskier, above last high at 1.4230
Take Profit : 1.4050
I run an exclusive forex group training full time forex traders at www.TheForexArmy.com
The Definitive Elliott Wave Structure for GBPUSD (Daily TF)FX:GBPUSD
Graphical Elements : Bearish descending channel stretching back to 2015 July
Elliott Wave Structure : We're seeing a wave (5) ((3)) push down below fractal resistance at 1.4640
I specialize in Elliott Wave analysis for leading banks and hedge funds in 3 different countries.
I also run my own trading community that specialize in training successful full-time traders.
www.TheForexArmy.com
