GBPUSD down play

2017年3月19日

Cable is on severe downtrend since Brexit vote last summer. We are in the middle of a corrective move of recent major drop, and in the start of the probably last 5th major circle wave from the move that started since July. Now we are either in the 1st of the final big 5th wave or just in the xyz-xyz correction. I don't wanna go in further detail, lets wait if we have a big red daily candle, that will confirm our scenario. So stay alerted to sell here or higher levels, one nice entry point is the 1.2430, where lots of resistance mark up there.