GBPUSD retest the support zone around 1.2980's for the 4th time and we have potential double bottom forming in the zone. So once Double bottom & bullish reversal is confirmed, initiate long positions in GBPUSD with stops below wicks of support zone.
I hope you are right! They keep testing it over and over again. I currently need it to get to 1.3081 to clear my position without losses.. Started this adventure with GBP/USD Buy on 13 September.. Didn't look into the current channel.. :) No, still not enough experience! :P
InsiderB
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Thanks Man, have you checked My GBPUSD analysis on 4h charts ? I have targets around the same zone you mentioned. Feel free to check under my profile the title is - " LONG
Long GBPUSD : 12345 ElliotWave completion & Corrective wave (c) "
KoalaBear
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I see, leg C is at 1.3095, that would be great. I again almost cut myself with a knife in the fingers again :)
InsiderB
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@KoalaBear, The targets you fixed in 80's is better than 90's I believe bcos of wick zones. All the Best to "Us", then :)
KoalaBear
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Haha. Until now it is not working out. I don't know what I will do, for now I'll wait that 1.2940 will hold.. They are on the bottom of the channel, again..
InsiderB
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Yeah man, looks like I will exit at breakeven after these many days of wait.. ! Part of the Game, thats all we can say n find solace...
asncpns
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Nice analysis and very detail...like it very much
InsiderB
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@asncpns, Thanks for the Nice words..it motivates Me !
MornePaulse
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Il ride this one, Going long!!
InsiderB
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Go in after Bullish confirmation, that will be better idea. All the Best !