GBP/USD Intraday Idea short to 1.2090 then another bounce

7 Nis 2020

We can clearly notice the corrective intermediate 4th wave unfolding since 27th of march high @ 1.2485 and it's a flat pattern with final wave (c) 5 waves ending with expanding triangle formation.

also we can see an exact confluence of projected targets ABC and wave E of the expanding triangle at 1.2088

Recommendation
Short GBP/USD til 1.2090 then reverse position to buy (aggressive traders)
wait for wave E to unfold and buy around 1.2090 (conservative)

7 Nis 2020

İşlem aktif

short @ 1.2362 now live :) stop loss 1.2390 -- minimum risk
target 1.2100

7 Nis 2020

İşlem aktif

Important Notice : target will be updated once we recognize the internal wave structure of wave E and i will post updated target. and buy limit order .