anilmangal

GBPUSD wave count before the big day.

anilmangal Aktualisiert   
FX:GBPUSD   Britisches Pfund / US-Dollar
The GBPUSD is in a daily corrective structure, as seen on the chart it has completed 2 abc for an A and B wave , it is now making an up move for a C wave which has already broken the top of the A wave. By all rules we have a Flat , the question is we don't know if the C wave is completed, which means more up move is possible which will be followed by a down impulse (one I will not miss) or a sharp down move from here which would be the start of the down impulse.
I guess we will see what happens but in any case a down impulse to break the monthly Low is going to happen.
My preference is a sudden spike up in which case I will be able to trade the down impulse, if the down impulse goes from here I will likely miss it.

Trade with care (in this case better not to trade)
Kommentar:
Anyone up for it?

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