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CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis.
GBPUSD - It is in (C) wave down after (B) wave completed. The drop is in impulse wave, wait for bounce to get in to trade. The drop may be 3rd wave of (C) wave down or it may be (B) wave further extends. So initially the trade is ABC down. Sell near 1.2960-1.3000 zone for down cycle with stops above 1.3084.
Give thumbs up if you really like the trade idea.
CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis.
GBPUSD - It is in (C) wave down after (B) wave completed. The drop is in impulse wave, wait for bounce to get in to trade. The drop may be 3rd wave of (C) wave down or it may be (B) wave further extends. So initially the trade is ABC down. Sell near 1.2960-1.3000 zone for down cycle with stops above 1.3084.
Give thumbs up if you really like the trade idea.