GBPUSD may be in the midst of a continuation from its wave-iv correction. In order to ride the wave, I've placed a tight stop directly above the potential completion of wave-iv. There is a slight chance that the correction could go higher, but no higher than the invalidation level. A looser stop may be placed above invalidation. Will update as the tide rolls.
Trade aktif
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Komentar
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T1 Achieved
Trading ditutup secara manual
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If you have not taken profit at T1, exit at B/E. We should be seeing a fourth wave triangle. Updates to come
Hi Glen, I was actually on same trade but got stopped at 1.30.
After seeing your setup I'm going to wait for a better entry more near the invalidation area if we get there.
Thanks
glennmercer
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Great call. There's always a chance that this is not actually wave-i, but instead wave-b and you can get a better bargain up near the invalidation level. Patience of chasing! Nice
glennmercer
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Patience over chasing*
lipikacrude
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sir pl look on usoil at current momemen because it is now at do or die level pl update your view sir cardial request
glennmercer
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Here is the updated count. Looking for shorts after the first small rally to fifth wave is complete:
Hi Glen, I was actually on same trade but got stopped at 1.30.
After seeing your setup I'm going to wait for a better entry more near the invalidation area if we get there.
Thanks