GBP WILL FLY ONCE CROSSE THE TRENDLINE.
Watch GBPUSD; I feel it is bottoming out near the Brexit lows
ENTRY 1.3080 STOP LOSS 1.3070 Target : 1.3403 Leverage : 50 means every one dollor invested gives u control over 50 gbp so if u invest 100 dollors u control 5000 gbp one pip movement is 50 cents or half dollor. if SL get hit you loose 50-55 dollors if tp gets hit u gain 165 dollors thats 1: 3 risk reward ratio approx
If Cable goes above 1.3070- our current count will get active & we shall look cable retesting 1.3481 & More in c?-wave. Regards, Abhishek H.Singh,CMT
Currently- If Cable moves above 1.3070-key level -Cable can test 1.3481(1.3478) - previous highs(a-wave-yellow wave) in the form of c?(yellow wave). The fall from 1.3478-1.3481 looks corrective & has not went below 1.2789- i-wave low. Trading Strategy-1: Incase cable goes below 1.2789- we should look for lower targets Trading Strategy-2: If Cable goes above...
Once GU crosses ...1.3091....Tiny Double Top...will confirm that GU....wants to move UP....till previous swing highs...1.3180--1.3200.... Regards, Abhishek H.Singh, CMT
L-S ( Long First Above 1.3091...Short Later Post 1.3020.....or in the zone 1.3180--1.3200.) GU made a low 1.3021--A fresh Low...I am looking for a corrective recovery in the zone 1.3182-0--1.3200... Trading Strategy-1: Going Above 1.3091...Longs could be taken for the target zone 1.3180--1.3200...Which will give us 90--100 pips.... Trading Strategy-2: ...
The fall from 1.3364 recent swing high quiet impulsive....as per previous update"GBPUSD...Fall..Fall..Fall)--break of 1.3150 was our short call which has been activated....currently cable is doing sideways & should carry down once current low@1.3110 gets broken... It should carry atleast till the zone 1.3050--1.3060 -where it will face next hurdle in its larger...