GBPUSD Daily Chart.Whichever the way, it's tradeable.

10 Haz 2017

Traders,

GBPUSD dominant trend remains Bearish in WEEKLY chart.
Since 7/10/2016 , it developed into a corrective 5-3-5 pattern EW ZigZag.
1 - Wave-A developed into a 5-wave motive structure, ending at 1.27750
2 - Wave-B developed into a 3-wave internal correction ending at 1.19840
3 - Wave-C is initiating a probable 5-wave structure. This is expected to conclude as a motive wave.

-If price bounce from 1.2600 area, watch for long setups, target 1.272 Fib extension of (iv) wave (1.31670), possible last (v) wave.
-If price initiates a flag near 1.2600, watch for short setups, a possible break down and the start of next impulsive wave.

Trade with discipline
Best

28 Haz 2017

Not

Looking for the last fifth wave up

5 Tem 2017

Not

4th corrective wave will complete soon.
Watch for next impulsive 5th

15 Tem 2017

Not

26 Tem 2017

Not

Correction

28 Tem 2017

Not

Looking for shorts

28 Tem 2017

İşlem aktif

Trade is active, entry price 1.31120, If you are not in, watch for the break if the flag

31 Tem 2017

İşlem elle kapatılmış

Closed at BE.
Didn't get the break of the flag for a further drop.
Instead now it looks bullish.

31 Tem 2017

Not

Good up move after the break of the flag, price of daily trendline.

3 Ağu 2017

Not

Pattern is close to complete.