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nickmusey

SHORT GBPUSD

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
nickmusey  
FX:GBPUSD   British Pound / U.S. Dollar
Elliott Wave elliottwaveretracement elliottwaveprojection GBPUSD gbpusdshort elliottwavecorrection gbpusdtrade Fibonacci Retracement Fibonacci
5
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elliottwaves elliottwaveretracement elliottwaveprojection gbpusd gbpusdshort elliottwavecorrection gbpusdtrade fibonacciretracement fibonacci
GBPUSD is set up in the possible 3rd wave of an Elliott Wave. Watch for price on hourly to retrace back to 100% Fib level where there could be a possible rebound to the upside to the supply zone completing the 4th and 5th wave or break the 100% level down to the 76.4% Fib level to complete the 4th wave then rebound to the upside to the supply zone to complete the 5th wave.

I will execute PUT/SHORT once price closes below the 50 MA and/or 100% Fib level

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