ABC PATTERN IN GBPUSD - 1H
Hey guys,
I have been posting charts on this pair but this is the last one I will post for Buys.
We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC.
I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade the move up, hopefully another sharp impulse.
If it makes a sharp impulse until 1.2839 we will complete the H4 three wave structure and I will start looking for sells.
Carlos
I have been posting charts on this pair but this is the last one I will post for Buys.
We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC.
I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade the move up, hopefully another sharp impulse.
If it makes a sharp impulse until 1.2839 we will complete the H4 three wave structure and I will start looking for sells.
Carlos
Commentaire:
Exactly what I said, now looking for a flag to buy!
Transaction en cours:
Traded the flag, and already in profits. Stop loss is tight just in case it does a complete reversal, but I still believe in the uptrend.
