GBP/USD - Sell take-off

Very simple Eliott Wave patterns, from this analysis we can expect price to drop drastically, while completing E Wave (600+ pips) long-term!
Executing position for best risk would be, at the top of the triangle or at the bottom...
Risk Reward could be up to 1 to 20, if you're very serious to hold this trade for kinda long time!

İşlem aktif:

01:00 (30/01/20)
Position Executed! On 1H time-frame price is making M formation which could be SELL trigger, after such an impulsive movement to the upside!

Yorum:

01:25 (30/01/20)
In case price hits my SL, i will re enter at the top of the Triangle...

İşlem aktif:

12:47 (31/01/12)
Our trade on 1H time-frame got taken out, after that i placed my sell limit order at the top of the triangle, and it got executed, lets see whats gonna happen next!

Yorum:

12:50 (31/01/20)
Note that everybody is BUYING GBP/USD, which is good indicator that we should SELL it...

Yorum:

12:57 (31/01/20)
+ UK is leaving brexit today, which could interfere with

Yorum:

12:57 (31/01/20)
*EU not brexit
*interfere with our analysis
Just woke up, cant type right, ahahah!

Yorum:

16:33 (31/01/20)
I'm still in the trade, price managed to close above our TL, if price manages to break below the support, it will continue to drop, or else it will shoot up, as DXY broke-out of the trend-line

İşlem kapandı: durdurma seviyesi:

17:34 (31/10/20)
Price hit out SL, as DXY dropped very hard!