GBP.USD

[Craig3215]

This is the way I'm currently looking at GBP/USD, with an expanded flat correction we should be looking for a turn around where wave C is 1.618 the length of wave A, which according to my calculations this is around 1.955

[arco]

Hi Craig

That fits nicely with the BFs as mentioned earlier on the Eur.Gpb thread

rgds - arco

[dumbass]

bullish on gbp

currently in a 3 wave abc correction of wave 2 or b

looking to buy into retracement off downtrend line to ride c wave up target around 2.00 initially

[Craig3215]

Hi DB,
I'm currently long GBP and looking to add at 9720, right around the 20 day moving average which acted as strong resistance on the way down for this pair, now that its through I'm thinking this could give us some support

[dumbass]

hi craig

i reckon the a wave looks like its finishing ( doji on daily, trendline , doji and divergence hourlies 6 am candle

i think it will retrace to your level mentioned at 19750 in a b wave possibly even to 19550

before resuming run on 200 for c wave

currently short 19850 sl 19920 targets as mentioned

[dumbass]

starting to look like gbp ready for what could be a powerful run higher currently 1948o

good risk reward with stop 194 4o

[dumbass]

got stopped have had another go risk level 193 6o entered 194 1o

still fancy this one putting in a big move north

[peat]

I,m sure I posted this an hour ago before the move but its disappeared so this comment was pre the jump

if its any consolation Paul I think Eur Gbp is going to assist

and now it has

[peat]

well last night should have compensated for the previous one DA - well done!
I joined you for +165 now closed overnite. very small trade coz cable is a bit scary sometimes but on this occasion in a good way.
note that 1.9650 is a 78% retracment area.

[dumbass]

thanks peat well done as well to everyone

i used 618 as target so i am there but looking for another entry

i reckon yen is the next one to have a look , it hasnt moved for a while

especially usdj

trying to get as close to 110 for a short