FX:GBPUSD   British Pound / U.S. Dollar
I became a great fan of Elliott Waves theory. However i'm pritty new in this. So I would appreciate ctiticism.

For the IMPULSE wave to be valid, wave III must go at least 5-10 pips avoube 1.15level(yellow line) or lower.
Therefore a sell setup on daily or 4H could be used as an confirmation for entering SELL position.
See more in comment below!!
Comment:
In next few days watch the price action and either take the trade after break and hold of the blue dotted line around 1.2015 level
or in case price goes up wait for string rejection of the area
1.2890-1.2700 and sell at any point after that rejection, while aiming for more than 1:1 RISK/REWARD ratio.
Comment: Typos:
*avoube = abouve
*string = strong

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out