GBP/USD trade Ideia based on Quarters Theory
Updated
That's My personal view based on Quarters Theory Trend Waves.
I predicted a Wave 4 fail, but it can complete and the move can go back toward the 1.27 level, otherwise, if the Wave 4 confirm the fail, we can have a good 400+ pip move toward the 1.35 level
I predicted a Wave 4 fail, but it can complete and the move can go back toward the 1.27 level, otherwise, if the Wave 4 confirm the fail, we can have a good 400+ pip move toward the 1.35 level
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Trend wave 4 almost confirmed failire. Still need confirmation on a non formation of a Double Top pattern, just watch for buy signals or bull traps. Just use strong entries when it completely confirm the Reversal Trigger Wave.
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Alright, at this moment we can assume a Reversal Trigger Wave is forming.Look for buy signals next week, only use strong entries when the H4 allign with the H1, Have a good profit!
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Alright, First target (Neckline) reached +280 pips.We can now expect a retrarement towards the 1.3025 resistance, enter again with a targed of 400+ pips.
Here we go!
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prntscr.com/kw9btwThat is what we can wait for, a good retrace toward the 50% Fibbo, and a continuation.
The retrace could not happen, but we still in profit
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Beautiful reversal trigger wave!Lets wait for some pullback toward the suport area (130.600) and then look for some buy signal, and lets run the profit!!!
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Great time to enter Buying again!SL near the 1.2960 area
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