GBPUSD ready for next move

17nov2015 gbpusd 240










my elliot wave count shows that there will be new wave coming up on gbpusd .the 3 wave movement was completed on the previous movement.the next 3 wave will coming up to complete the 3 wave movement.


the price now are in consolidation and seem to move up after the corrections end.the daily candlestick formation shows that the candlestick are exhausted and will make a correction before continue going up.


i'll wait for the correction to end before putting some entry on gbpusd .the area to look for entry is 1.5155 weather the are some clue the price will move up or continue going down.

the target profit to look up is the area of 1.5340 which is the correlation between trendline and the resistance area.

good luck!!happy forex trading!!



disclaimer
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this forex trading idea was published for the purpose of study only. all the risk taking are at your own responsibility.
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dosudongos enter

A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.