GBPUSD; An Elliott wave approach
It seems like the 3rd of 3rd has started. The breakout is not just the breakout of 4 but also a breakout of double bottom chart pattern and a nice buildup is there.. I have bought of about 25% of the capital for this trade. My total account is in risk of less than 0.5% at the moment and I am gonna add up after the retracement is over,, Happy trading!!!!!
Note
It seems like the first of third has finished as a leading diagonal and the wave 2 has ended as a zigzag,, The correction has pretty much followed the zigzag guidelines... I booked my previous position with trailing stop loss and I am looking forward to enter again after giving a valid signal which is successful breakout of B..Note
The 1 st of third of third has appeared to be a diagonal.Note
complex correction WXY formed..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.