11021992
Long

GBPUSD: Expected price movement

FX:GBPUSD   Britisches Pfund / US-Dollar
Hi traders,

On the GBPUSD we can see that price broke the trendline on tuesday, then we got a nice retest from where we can enter. The waving line is the expected price movement based on previous structure.

Cheers
Kommentar: Lookin' good!
hi, what is this pattern called?
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11021992 iSummer
@iSummer, It's not a pattern. It's based on structure and a couple of retests of the trendline, suggesting it might break. And so it did.
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There is a potential Bearish Cypher ongoing in GBPUSD daily. Just share with you;)
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11021992 menyuken
@menyuken, Thanks for sharing. Didn't see that one. Hope you're wrong :P.
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menyuken 11021992
@11021992, correct me, if the pattern is not valid ;)
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11021992 menyuken
@menyuken, Looks good to me. Personally I would enter at the 1.27000 for better R:RR.
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menyuken 11021992
@11021992, yep, thanks, let's wait and see the kindle reaction there ;)
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