GBPUSD - WAVE 3 Potentially Complete - Get Ready To SELL

This ticks all the boxes for a wave 3 completion using Elliott Wave theory.
Wave 3 has ended near the 1.618% FIB extension with an inverted hammer candle on the daily time frame.

There is a trend line support on the 1 hour time frame. Trading plan is to wait for a breakdown before entering a sell position.

Any thoughts or comments please let us know.

Trade fermée: cible de profit atteinte

Initial target reached and a further breach of the inclining trend line.
Currently, the GBPUSD is trading on the 1.2800 support zone. With the BREXIT no deal approaching in October there is potentially further downside... Unless a deal is struck between the EU and UK government.

Trading_Tony

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Trading_Tony