Paun British / Dolar A.S.
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GBPUSD. Looking for a Wave C

233
Pound Sterling performed much better against the US Dollar than other currencies which form DXY benchmark: while the whole Dollar Index gained 5% since October 2016, GBP gained 7% to the Dollar Index.

I believe the correction hasn´t completed yet and expect one more leg up. Will long 1.245, targeting 1.34 to be achieved before the end of the year. This movement would complete the correction Wave 4 and open space for further decline.
Nota
We still have to arrive to the target values. Waiting to reach the key levels of 1.244 or 1.233
Nota
Ready to open a long position
Nota
Price has gone a little bit lower than expected but I´m watching to long this pair. Possible entry levels: 1.223 and 1.210
Dagangan aktif
Longed 1.223 on Friday, moved to breakeven. Let´s see what happens on a thin market
Dagangan aktif
Longed 1.22, at breakeven now
Dagangan aktif
Excellent day today for adding longs!
Nota
GBPUSD. Bearish Bat pattern meaning end of a correction


Following the pair on a newer chart

Penafian

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