USDGBP Bearish 5th Wave

Diupdate
Lewglasgow identified a 5-0 pattern on Cable (kept the points marked in black).

A less sophisticated look would be a Elliott Wave 5 waves down and 3 wave correction.

With that in mind sell current levels (1.2330) and higher at 1.2450 if seen.
TP1 1.2200
TP2 1.2090

3x reversal at 1.2440 for break even or profits on potential moves into 1.2675

Once the 5th Wave completes and equal legs A-B-C correction should see a move back into 1.2375
Trade aktif
Sell entry at 1.2335 executed
Trading ditutup secara manual
Stop Loss moved to 1.2315

(Optional) 1/2 of position closed at 1.2250 for 85 pips.

Overall setup still valid
Trading ditutup secara manual
Trailing stop on 1/2 position hit at 1.2315

End result (85 pips *0.5)+(20 pips*0.5) = 52.5 pips
Catatan
5th Wave Terminated at 1.2107
Elliott Wave

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