GBPUSD. Looking for a Wave C

Pound Sterling performed much better against the US Dollar than other currencies which form DXY benchmark: while the whole Dollar Index gained 5% since October 2016, GBP gained 7% to the Dollar Index.

I believe the correction hasn´t completed yet and expect one more leg up. Will long 1.245, targeting 1.34 to be achieved before the end of the year. This movement would complete the correction Wave 4 and open space for further decline.

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We still have to arrive to the target values. Waiting to reach the key levels of 1.244 or 1.233

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Ready to open a long position

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Price has gone a little bit lower than expected but I´m watching to long this pair. Possible entry levels: 1.223 and 1.210

Сделка активна:

Longed 1.223 on Friday, moved to breakeven. Let´s see what happens on a thin market

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Longed 1.22, at breakeven now

Сделка активна:

Excellent day today for adding longs!

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Following the pair on a newer chart