the_no_factor

Bearish Wolfe Waves Pattern Forming in GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
After the breakdown below the rising line from the top of wave 1 to wave 5, we will get a nice entry to short GBPUSD and ride it down to previous lows. This is not a short term trade idea since these waves have been forming on a daily timeframe so it might be a bumpy ride down.
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.