It goes in line with our forecast. No additional orders on Friday. Wait for Monday to place orders at this time-frame.
No changes. Reversal upward is expected with rising dynamic.
Decline below 1.1205 means that current green 1.1; 2.1 markers are actually grey ones. Still, we consider further sharp growth.
A sharp fall is expected. To trade green TW place: sell stop 1.3100 SL 1.3195. Wait for 1-2 markers prior to trade falling brown TW
To trade grey and blue TWs place: sell stop 1.2970 SL 1.3210; sell stop 1.2950 SL 1.3390.
Still wait for buy stop order for rising grey TW: buy stop 1.1350 SL 1.1200
Sharp rise is expected from current levels. To trade Green and brown TWs place orders: buy stop 1.1260 SL 1.1200; buy stop 1.1250 SL 1.1200.
Wait for more clear 1-2 markers of rising brown TW at M5 time-frame OR place right now buy stop 1.1260 SL 1.1180 at the crucial level (marker 2.3) of falling green TW.
Within pips from crucial level current scenario took an opportunity to develop. No active trading yet. Just hold on your buy at 1.1200 maid yesterday as it was suggested. Shift SL to 1.1180.
Due to attractive P:L ratio it's reasonable to enter sells right now to trade falling grey TW: sell 1.3180 SL 1.3280 TP 1.2950; 1.2770. Plus, hold on your current sell within falling blue TW.
Waiting for sharp reversal do not run ahead market. Place sell stop 1.3000 SL 1.3225 and keep an eye. Nothing more yet.
Corrective rise is expected which I do not trade. Wait for renewal of 1.3145 high and place sell stop order at 1.2975 SL 1.3145 if price continues to fall from current level.
A lack of dynamic fall. Yet, GBPUSD being a killer of traders typically consolidates prior further unstopable trend. Thus, keep trying sell: sell stop 1.2980 SL 1.3150; sell stop 1.2980 SL 1.3275; sell stop 1.2950 SL 1.3390.
To trade the basic scenario presented at the chart we may enter to buys right now with SL a little bit below 1.1170. It undermines so little risk compared to expected growth that this is the case we catch reversal in falling trend. This is what I'm doing now. Buy 1.1200 SL 1.1150 TP 1.1570.
Expecting sharp reversal to trade rising green TW place buy stop order at 1.1250 SL 1.1180. rising brown TW might be traded after price increase above green 2.3 marker only.
We do not trade rising green TW as it contradicts the falling grey one. The first TW we trade at this time-frame is rising brown TW at daily chart. So place an order at 1.1580 SL 1.1150 and don't care if green 2.1 marker at weekly chart will be placed lower.
The question about brown 2.1 marker placement is still open. However, we do not make any risks if this marker will be placed higher as to trade current downward trend at this time-frame we have to wait when the orders get in work: sell stop 1.2760 SL 1.3390; sell stop 1.2390 SL 1.3390. Keep waiting, let the market says.