Wolf_of_Walton

GBPUSD - ABC correction complete

Long
FX:GBPUSD   British Pound / U.S. Dollar
After a third touch inside wave C's channel, I firmly believe that the bear trend is complete and we should see signs of bullish reversal for GU. I do expect the 1.31400 highs to be tested again before the market decides if it wants tho push higher or come back down. This is just a long term idea. Best way to approach it would be to know the trend is about to change and trade each range on the way back up. Good luck :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.