GBP/USD Still bearish for 1.2090 - 1.2076 area

The count changed from yesterday report as we have a degree invalidation and over lap between minute waves 1 and 4 please see yesterday report
linked to this idea

so we changed the count of wave 4 to WXYXZ as you can see with the same bearish view
the targets now can be seen in 1.2088-1.2074 area

Recommendation :
Still Short if you are for the previously mentioned target stop loss 1.2390
wait for buy signal after completion of final bearish move

Handel aktiv:

Important Note for short traders
we all know that short is risky here although we have a reasonable count
so it's highly recommended to be very cautious the stop loss value specified before 1.2390 is not valid as we may see the final leg of wave x around 1.2399 1.2420

Kommentera:

our view is the same here we still waiting for bearish confirmation to 1.2090 level for our buy order
have a nice trading

Handel aktiv:

As expected in latest update 1.2420 area was tested before bearish continuation waiting to see clear bearish pattern or count :)