FullTimeTrader

GBPUSD-correction finished!!

Corto
FX:GBPUSD   Libra esterlina/Dólar estadounidense
15
After some time of ugly consolidation i think the correction for this pair is finished.
Looking at W1 chart price is bouncing from a strong level of S/R

Here on D1 chart we have a potential wave 2 just finishing with an AB=CD pattern.
This could be the start of a strong decline for wave 3.
The invalidation level is above last highs.
My EW count on H4 chart also support this bias (see below).
You can use this idea to find an entry point on lower FT to have a better R/R ratio.
Best Regards.

P.D. potential HS pattern:

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.