GBPUSD downtrend continuation Idea: adding GU shorts
Aktualisiert
This is a follow up to my main short entries which started with this Idea: 
Once the down move started, I was taking profits and adding shorts per this plan:
I am now looking for entries to add more shorts.
Once the down move started, I was taking profits and adding shorts per this plan:
I am now looking for entries to add more shorts.
Anmerkung
GU hit first target, and possible end of wave 5.I dont think this is the ''bottom'', but lets see
Anmerkung
Second target hit with ease. will it bounce? Anmerkung
GU bulls look to be holding mid-support for now, in UK session. I suspend US will buy GBP, EUR, and AUD soon. So am expecting a bounce here, which will give me more data to analyze. Anmerkung
GU hit the second possible wave (5) and bounced as expected.Am starting to add shorts again
Anmerkung
a close up of price action around my zones, good to see it recognizing them Anmerkung
Shots added here. Anmerkung
GU: Getting back to the main chart, we nearly hit the third target I DO think the last target is still possible. This new fib shows a -0.236 extension (a very common overshoot of any wave)
However, the risk of a bounce is increasing, while the odds of collecting those last few pips are decreasing. So I closed 80% of my shorts during Asia session, and will re-evaluate once London starts.
Anmerkung
GU: this EW count and the two fibs say the next target is still quite possible. Lets see what London thinks in a couple of hours. Anmerkung
I have posted a New plan for possible short re-entry zones, here: 
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.