GBPUSD is moving into a corrective structure having already completed waves A & B after an impulsive up wave. Price is dropping completing wave C and soon will reach a very strong level where we may have the completion of the ABC corrective pattern. A buy setup completion in this level will probaly signal the beginning of a new up move. I will update if anything bullish forms in that zone. For those who have no problem with a bigger stoploss at the 0.786 fib retracement we have the completion of a bullish gartley pattern
Like and follow for updates..!
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Pending Bullish Gartley
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Price has reached the sell zone. We should now wait for a sell setup to complete based on a tested rules based strategy. I will personally wait for a wave pattern to complete at this level.
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** price has reached the BUY ZONE
Trade ist aktiv
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Although price has gone some distance from the time has entered the buy zone i had no setup completion till now that i do. So based on my strategy i will go with the setup below:
If you have a buy setup completed based on your strategy, you may go long. Good luck :)
KhunHunSein
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thank bro
Fxprotrader
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You are welcome :)
kutlutorunlar
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good call, waiting for your update...
Fxprotrader
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Thank mate :)
btM_Afta
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We are really close ! nice call .. thanks !
jonats
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Wouldn't mind a more distinct rally to 1.32-1.3250 before the next leg down but I see that you are bearish GBP instead of bullish USD (since bullish NZDUSD) so why not short GBPNZD? :)
Weflyatnight
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Thanks I regret I'm still in there with a long position, current close to my SL , to which level you advise to move my SL in order to wait for the bullish good times to come?