GBPUSD Bearish Impulse - Minor C

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GBPUSD is starting a Bearish Impulse in Minor C (orange).

Wave B (orange) is most likely a Running Flat.
However, based on Elliott Wave patterns, it could also reflect as an Expanding Flat.
But I don't think so.

I am going short on the Pound Dollar.

GBPUSD tech. Analysis:

* Elliott Wave: Ending Diagonal on Intermediate (C) (white).
* Running Flat in Minor B (orange)
* Sep '20 Bearish Fractal
* 38.2% Fibonacci Retracement of Minor A (orange)
* Up-Trend Breach
* Channel Consolidation

GBPUSD Trading Signal:

* Entry @ 1.2170
* SL @ 1.2500
* TP1 @ 1.1800 / TP2 @ 1.1600 / TP3 @ 1.2500

* BUY STOP @ 1.2050
* Aggressive Entry @ Market Price
* Moderate Entry @ 1.2320

*Safety Measure: when in the green, moving SL to BE.

Many pips ahead!

Richard, the Wave Jedi.
Dagangan aktif
syot kilat
Nota
Small mistake:

* SELL STOP @ 1.2050

Not buy stop LOL ... :)))
Nota
GBPUSD started the Bearish Leg, a B Wave correction.

syot kilat
Dagangan aktif
Added another SHORT on GBPUSD, at the 61.8% FR.

syot kilat
Nota
Short set-up looks promising.

syot kilat
Dagangan aktif
Sell Stop active on GBPUSD.

syot kilat
Nota
GBP ready to pop soon.

syot kilat
Nota
Daily confirmed, just look up on the previous updates.

GBPUSD started the C Wave Impulse, for the B.

syot kilat
Nota
Placed another Sell Stop on GU.

syot kilat
Nota
Don't be afraid on this fake swing Richard, just short it again!
syot kilat
cableElliott WaveFibonacciGBPUSDgbpusdsellgbpusdshortgbpusdsignalParallel Channelpounddollarrunningflat

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