Boon2

GBPUSD H1 Basic EW Structure

Largo
Boon2 Actualizado   
OANDA:GBPUSD   Libra esterlina/Dólar estadounidense
H4 were in a big correction so it's taking some time to play out (see my H4 idea), All correction's do and can become quite complex.

H1 this is the basic structure I see, were in a B wave up given the current price action. There is a possible buy scalp setup forming on the lower TF so you can take a buy setup if you get confirmation of more upside to come against the invalidation point (yellow line @ 1.2948). This trade is worth taking if you get a buy signal as H1 structure can become more complex.

This is not a trade call but I will update the structure as price plays out if there's enough interest, likes.

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You can't trade the lower TF if you don't see the possibilities on the higher TF. Here is my H4 idea, GBPUSD H4 Larger impulse C wave up, Checkout the idea detail's and updates for the complete picture. Thank's

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1st piece of the puzzle complete for the B wave up. Looking for sell setups for the impulse C down.
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You should be at break even. If you mist the trade don't just jump in wait for another setup.
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We got the wave C down, it may not be over and target is close. close sell on any bullish signal and look for the buy for H4 wave C up. make sure you have confirmation of more upside to come before jumping into the buy.
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2nd piece of the puzzle complete! Price has bounced clean off the 100fib. there's no confirmation wave C down is over and could turn into a much more complex structure but this idea of the basic structure is holding. Like I said in my last update I will be looking for buy signals for the larger C up. make sure you have confirmation of more upside to come before jumping into the buy!
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Price action still bearish on M15, Bearish expanding flat
If you get a sell setup take it.
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Looks like were might be getting the start on H4 C up, if your not in already look for buy signal's

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