2017 Week #1 - GBPUSD Correction towards 1.2485
Weekly trend is still to the downside, but we might first see some correction/retracement towards 1.3445 - 1.3920 before a continuation to the downside.
Hourly has completed a 5-wave down (potentially a larger 1st wave) and expecting a correction up towards 1.2485 - 1.2555 before a continuation to the downside.
Trade plan: look for short opportunities around 1.2485 area.
Hourly has completed a 5-wave down (potentially a larger 1st wave) and expecting a correction up towards 1.2485 - 1.2555 before a continuation to the downside.
Trade plan: look for short opportunities around 1.2485 area.
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