GBP/USD – 2018 Outlook – BUY & SELL Levels
“GBP/USD – Break-out – Last Bullish Impulse – End of Cycle” article represents a last possible Bullish Outcome for Pound/Dollar in 2018, as multiple facts point out towards an unstable Pound.
Pound/Dollar is overall trading within a Corrective Structure, more exactly in a Triple Three, with the last Bullish Swing awaiting to unfold, thus completing the entire Correction and the larger degree Cycle.
Daily Chart (picture):
Daily Interactive Chart:
GBP/USD – BUY & SELL Orders:
BUY Position
- Entry @ 1.3950 (or Market if Aggressive)
- SL @ 1.3750
- Targets: 1.4400 / 1.4500 / 1.4600 / 1.4700 / 1.4800
SELL Positions
Aggressive:
- Entry @ 1.4400
- SL @ 1.4700
- Targets: 1.4000 / 1.3500 / 1.3000 / 1.2500 / 1.2000
Moderate:
- Entry @ 1.4600
- SL @ 1.4900
- Targets: 1.4000 / 1.3500 / 1.3000 / 1.2500 / 1.2000
2 Comments
Comments are closed.
Richard
BUY Position was hedged with the “DXY – Bullish Break-Out – Last Push” article.
Time to resume the BUY:
“BIG RED BEAR knocking on your door! 5 High Probability Trades”
GBP/USD Chart:
Richard
Wave Count suggests that GBP/USD could start a Rally so it would complete the Bullish Correction and the Corrective Cycle.
Levels in focus: 1.3700 (although it can shoot any time as the Fibs have been reached).