Gbpusdsignal
GBPUSD Short term Long Then Big Sell Off !!GU has been in a daily correction since August,2018.
Based on EW count it has been making a flat correction and now C leg of that flat is about to be completed.
Based on price action I'm still anticipating one more move UP to break previous high and then make its way down.
GBPUSD Swing OpportunityAs price action trader, I will use of supply & demand, S/R to find best key levels to trade . Here from Swing Perspective I have marked two Swing Key Levels to trade on Demand Side. First one is @ E:1.23868 & SL: 1.23542 which is just below support level and second one is @ E:1.22305 & SL: 1.21002 with Target of 1.30445
small divergence forming in sterling a time for short sella clear divergence have been formed between market trend MACD indicator which indicates a strong reversal of trend as market has been consolidated for a long time on pivot point
any break could cause a good fall for sterling with a target of 1.2778,1.2699 and 1.2564
alternate scenario any break above 1.2989 may continue the buy trend
Happy Trading