GBPUSD, correction THEN impulse higher

Jul 30, 2016

I like to see a third leg lower for GBPUSD on the 1 hour time frame and then look for a buy towards 1.36 and 1.39 respectively.


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Aug 2, 2016

Note

Moving as expected, watch for break, stop loss should be below wave 2.

Aug 2, 2016

Note

Place stop at break even if you entered as described. I target 1.36 for risk/reward of 12/1 with 2% risk. Stop is at break even and I will be looking to add after a consolidation. (this was we can build this position to target 50% return on capital) The levels are not written in stone so we adjust when needed but this was my original plan and so far so good.