GBPUSD the POWER OF WAVE ANALYSIS
Please click on the two chart pinned in the post to see how wave structure works. Have a nice weekend. Thank you for your support. some videos to look at over the weekend. The last two are must watch videos !
GBP is good to short the pull back Reason: 1. 0.618 LEVEL 2. 1.618 EXT 3. Previous Structure 4. RSI over bought
The EURAUD as shown in the daily could be making a triangle (abcde), if this is so we are in the d wave up and it is making a lower degree correction before the next up impulsed. This lower degree corrective structure looks like a triangle in the making (abcde) it could also be a simple abc expanding flat , I guess we will see very soon. By all means buying the break of the top is dangerous if it is making a wedge. So if you are a S&R trader be careful of buying the break of any resistance you have there. I would wait for confirmation. I will be posting updated on the trade setup as i see it so to get instant notification when I do , please follow me. Trade with care Thanks for your support.
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