Short-Term.....Swing Trade (Set-Ups)

[ActiveTC]

GBPUSD longterm reversal will be confirmed below 1.0410 I am still afraid we may retest the highs a final time unless 1.0410 is broken. We may still be in wave4 of the final impulse. Best to wait untill the imum of wave4 is broken.

[pr0lene]

I think the same too i don't know this wave preparing small b or already make small 5 but g/u did't fall below 440 make it can go up one more time

[ActiveTC]

if GBPUSD makes a wave 5 it would target at least 2.0560 normally 2.0630. But this would also be very near to the monthly target of 2.0670 so an overshoot is possible but it means that we will get a massive correction there some 1500-1600 pips to 1.9000 at least.

[marketwavez]

Originally Posted by golhuntsleep

I sold the cad when it tested the grid at 1.0450.......also buying the pound/euro off a 62% retrace of the move that broke the falling wedge....in at 6735...made my first sell on the pound today at 2.0453...little backwards right now...but it is about to turn

Congradulations ! ........ Nice one there -

[marketwavez]

Usd/Cad .......... Now see this .....

Hmmm ? ....... What do we have here ? ......

[ActiveTC]

I agree with your count marketwavez on USDCAD i think we will have a corrective move there but this p is still in a downtrend will target 0.997 IMHO. on daily charts.

[MidnightRun]

Read somewhere a couple of days ago that the Bank of Canada projects USD/CAD exchange rate for the first half of next year at between 0.97 0.95 (i.e. 1 US buck will cost 97 Canadian cents...)

[marketwavez]

Midnight -

Here is a look at the Gbp/Usd
- It looks like we may be near an End of a Wave 5

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Tommorow should be intersting to see if this one starts pulling back