Categories: Forex EducationTechnical Analysis

GBPUSD to continue the dive?

After London’s mayor announced that he will start a campaign for UK to leave the Euro Zone the plunged and I see no reason why it would stop. On the weekly chart I see a potential double wave duplication meaning that we should be looking for sell opportunities. Here is my plan to join:

Technical Analysis

W1 – potential double wave duplication

H4 – trend line, double wave correction expected

Sell Setup:

Look for double wave up near the trend line on the H4 chart where we should be looking to sell. Once the price is close to the levels we want it to, look for divergence, false breaks and uptrend line break for conservative entries.

Video Explanation:

Yours,
Vladimir

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.