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kingtigertank
Nov 26, 2017 10:42 PM

GBPUSD 4H elliot wave count (and some harmonics) Short

FX:GBPUSD240
British Pound/U.S. DollarFXCM

Description

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Looking to catch wave 3 (purple) short for a big move down. Pink XABCD pattern is not a strict harmonic pattern but I like the confluence of the 1.414 and 2.24 fib levels near the 0.618 retracement of wave 1. Blue pattern is potential crab.

Trade active

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Entry 1.34886
Stop 1.36613
Harmonic PatternsCrabWave AnalysisElliott WavewaveGBPUSD
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