WicktatorFX

GBPUSD - 380pips and Still Dropping! Where To Enter?

FX:GBPUSD   British Pound / U.S. Dollar
In our last GBPUSD analysis, we were waiting for the break of the ascending correction. After price broke the ascending correction, we saw a few days of consolidation before we got the catalyst we needed to get things moving - FED announcement,

Price has dropped 380pips from our initial entry and we are watching for the next correction to take this even lower. Watch for the correction to form and draw a trendline. Enter on the break of the trendline with stops above the correction.

Notice how the trend changes once there is a double top /bottom. Do your best to identify these in your analysis!

Goodluck and trade safe!
Comment: Looking for atleast another 300 pips
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Comments

Hi, great analysis as usual. I have sent you a message, if you could have a look if you have the time. thanks in advance.
+1 Reply
Will follow this pair this week
+1 Reply
Great analysis as always 👍
Reply