3 WAVE STRUCTURE IN GBPUSD - 4H CHART
Updated
Hey Traders,
I have analyzing this structure for 3 months almost, since mid-October.
We clearly have an ABC structure going on after a sharp impulse, the C wave is going on.
It is a great opportunity to look for BUY set ups. The first buy can be the breakout of the last trendline. If not we can look for a fast reversal between the 78.6 and 88.6 levels.
Make sure you look for the right patterns.
Carlos
I have analyzing this structure for 3 months almost, since mid-October.
We clearly have an ABC structure going on after a sharp impulse, the C wave is going on.
It is a great opportunity to look for BUY set ups. The first buy can be the breakout of the last trendline. If not we can look for a fast reversal between the 78.6 and 88.6 levels.
Make sure you look for the right patterns.
Carlos
Note
Market is still droping downtrend, let's see what happens in the 88.6 fibo level and if breakout happens, we will look for a flag to buy!Note
Already going for top resistance, any flag to buy is good!-
Ya estamos yendo hacia la resistencia mas alta, cualquier bandera es buena para comprar!
Note
ABC ended up, waiting for reversal signs now.-
ABC terminado, esperando señales de reversión.
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