GBPUSD Short: Ride Wave-((5))

Sep 21, 2016

GBPUSD may be in the midst of a continuation from its wave-iv correction. In order to ride the wave, I've placed a tight stop directly above the potential completion of wave-iv. There is a slight chance that the correction could go higher, but no higher than the invalidation level. A looser stop may be placed above invalidation. Will update as the tide rolls.

Sep 21, 2016

Trade active

Sep 21, 2016

Note

T1 Achieved

Sep 21, 2016

Trade closed manually

If you have not taken profit at T1, exit at B/E. We should be seeing a fourth wave triangle. Updates to come