GBP/USD Retracements contains a Running Flat in Minuette (b) and an Extension within Minuette (c) (black).
At this stage, any upside would be limited in your view and we do not believe that we should give up on the SELL set-up, therefore, we are engaging in another Bearish view.
Wave Count is completing and a Bearish Divergence is visible.
GBP/USD-Pound/Dollar – Bearish Minute C – SELL Positions:
• Aggressive Entry – 1.3300
• Conservative Entry – 1.3400
• SL – 1.3500
• Targets – 1.3070 / 1.2750 / 1.2400
*Entry Levels from “£/$-GBP/USD – Market Shift – Bearish Cycle Wave V” posted back in July are still valid.
*If Conservative, one would wait for the pink trend-line Breach and then a Flag Formation, or another limited Swing to the up-side and the Bearish Divergence confirmation.
At this stage, any upside would be limited in your view and we do not believe that we should give up on the SELL set-up, therefore, we are engaging in another Bearish view.
Wave Count is completing and a Bearish Divergence is visible.
GBP/USD-Pound/Dollar – Bearish Minute C – SELL Positions:
• Aggressive Entry – 1.3300
• Conservative Entry – 1.3400
• SL – 1.3500
• Targets – 1.3070 / 1.2750 / 1.2400
*Entry Levels from “£/$-GBP/USD – Market Shift – Bearish Cycle Wave V” posted back in July are still valid.
*If Conservative, one would wait for the pink trend-line Breach and then a Flag Formation, or another limited Swing to the up-side and the Bearish Divergence confirmation.
