Redimere_91

GBPUSD (ABC wave next ?)

Short
FX:GBPUSD   British Pound / U.S. Dollar
Looks like we located a potential market anomaly on the daily timeframe (bearish candle, bullish volume) . There seems to be an "ABC" wave setting up here. The anomaly was located on yesterday's daily candle close . Seeing how we just had a 1-5 wave structure, we may be ready for correction before price decides to retrace the highs. Looking for price to test the low or surpass the low of wave 5 between 61% , 100%, 123%, and 161%. The RSI is is overbought territory with the Macd approaching the top side. Happy trading! Not advice. Only an idea.
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.