GBPUSD LONG term SELL setup

Looks like pound comleted a big corrective structure. (wave 4 red)
It means, that buy targets may be already reached. and it's time to look for SELL opportunities!
1.2683 is 61.8% of wave A(yellow), possible end of final wave C(yellow).
Now wave C (1-2-3-4-5) structure is close to be broken.
Here is close look.

this breakout should confirm the begining of a long time BEAR market.
LONG TERM SELL targets are: 1.17; 1.11; 1.01.
Keep an eye on it!!!
Don't miss a BIG move DOWN!

Handel aktiv:

currently market corrects 2feb-3feb fall.

Handel aktiv:

Breakout is done.
flag is formed or still been forming.

watch it!
dont miss this SELL!

Kommentera:

GBP currently performs correction pattern.
Wait for pointed targets to be reached.
then wait for breakout of wave's c trendline to sell it.

Handel aktiv:

looks like flat pattern corrected 38% of 7th feb 5:05-11:20 move.

Kommentera:

be cautious with gbp next 2-3 days.
my sell call caught 150 pips decline move.
now gbp needs to form some correction pattern.
levels to watch:

market listens to BOE, brexit execution news.
to short gbp we need a clear corretion pattern, which should be formed in 2-3 days.

Kommentera:

GBP is worth to look at.
now wave c is 38% of wave a
but wave b corrected only smth like 32% of a. (it should corrected at least 38 to be good)
maybe it nice sell point. with sl beyond local top.

Kommentera:

GBP corrected 61.8% of 2feb-7feb bear market and start falling.

LONG TERM SELL targets are: 1.17; 1.11; 1.01.

Kommentera:

gu still looks mostly unclear in s-term and m-term
possible scenario.
s-term buy targets: 1.2528; 1.2618

Kommentera:

1st s-term buy target is 95% reached (1.2528)
actual price was 1.2523

Handel aktiv:

looks like long-term SELL is actual.
wave 1 is corrected by ABC (as predicted - 1.2528 buy target)
wave 1 (blue) might be a part of a diagonal of greater dergee.
purple abc(lesser degree) was formed and broken.
watch it. long term targets are: 1.17; 1.11; 1.01

Handel aktiv:

possible sell opportunity
R/R ratio is 4.5

Kommentera:

gbp price action is far from being perfect.
if wave 2 is done, price should move to 1.238
if not, thehe is a possibility of upside move. (targets: 1.2528; 1.2618)
I'm not confident. it's too much unclear for me.
looks like consolidation is still in progress. be cautious.

Kommentera:

finally I see smth intersting in GBP!
looks like correction is formed.
inside wave C: wave 5 is 161.8% of of wave 1 (1.2570)
watch this breakout to SELL.
l-term targets are: 1.17; 1.11; 1.01.

Handel aktiv:

trendile was broken.
gbp might resume fall or make a correction pattern 1st and then move down sharp!
watch it! it's very interesting now!
LONG TERM SELL targets are: 1.17; 1.11; 1.01.

Kommentera:

wave (1) is formed
wave 5 = wave 1
wave (2) unfolds.
wait for correction.
I expect a good sell opportunity on next day.

Kommentera:

possible expanding triangle
watch breakout

Handel aktiv:

GBP has broken triangle.

Kommentera:

Kommentera:

Kommentera:

looks like resell point

Kommentera:

short term targets

Kommentera:

updated targets

Kommentera:

1,22417 (61.8% target) is reached.

Handel aktiv:

re-sell point

Kommentera:

looks like wave (3) or 1 (yellow) is formed and trendline is broken.
so gbpusd needs to be corrected.

Trade stängt manuellt:

2 feb - 3 mar bear/sideways market looks like ABC correction. (C)=(A)
I expect 2 waves up in m-term before l-term bear market unfolds.
m-term buy targets: 1.31 and 1.38.
s-term buy targets: 1.2656, 1.2928 and 1.3369
GBP long term sell opportunity will occur in future (maybe in late May).