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$GBPUSD | Gwaves Detected | Short Trade

FX:GBPUSD   英鎊 / 美元
Hello Traders,

As we continue down the never ending rabbit hole of Gwaves. We must pause and observe the effect it has on GBPUSD             . As of now, it stays nestled above a key support level defined by the Gwave. However, a break and close below this level will send price to the next possible level of hesitation (the second highlighted level. A break below this level, in turn, will send price to its inevitable destination highlighted in green. The force behind this Gwave is strong. Don't miss it.

Best,
Sirak Babayan

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評論:

Current "playing field" for price. Look for price to respect these levels and the curvature of these levels. Both horizontally and vertically.

Best,
Sirak Babayan
評論: So far, no sell has been signaled. Staying on the sideline for now.
評論: UPDATE: Price broke out and tested the Purple line of resistance. Look for this to move higher rather than lower.

評論: Update: GBPUSD stretching itself out. However, it was stopped just short of the Gwave Support and Resistance defined in my previous updates. This still has some legs under it.

評論: Update: The green target was hit. Although this was technically a trade that would stop you out, it is interesting (in my opinion) to see the market respect the Gwave levels.

I like the White GWave prediction as that sets up perfect with my Lower Time Frame Wolfe Wave at 1.2758
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