Great Britain Pound vs US Dollar Elliott Wave Signal #14
Posted by: Elliott Wave in Elliott Wave Signal GBP-USD, tags: elliott-wave, forex-signal, great britain pound-vs-dollarElliott wave signal Currency pair : GBP/USD.
GBP/USD Elliott wave Signal :-
Time Frame = Daily for Short Term Trade
Signal = Pending Sell Stop at 2.0170 area and Buy Stop at 2.0360
Risk Reward Ratio = 3.91 for sell signal and 1.15 for buy signal
Sell Target profit = 2.0060 area , Buy Target Profit = 2.0460
Stop Loss for sell signal = 2.0230 area and Stop Loss for buy signal = 2.0310 area.
Additional Strategy = Again two signal for one pair, we expect more bearish movement to a new low, but there is a possible for cable to retrace near wave i. That is why we put two signal to tackle both retracement and expansion.
Latest GBP/USD Elliott wave analysis on medium term basis :-

Latest AUD/USD Elliott Wave signal - Sell Stop at 0.8650.
Stop loss= at 0.8710 area
Target profit = 0.8550 area
Position=Pending Sell Stop
Additional Strategy = Our view still the same as previous AUD/USD Eliott wave signal.Trade the minor c wave down.Move stop to break-even or few pips below entry when market move below 50 points below entry.
Latest EUR/USD Elliott Wave signal - Buy at Market price at 1.4640 area.
Stop Loss= at below 1.4590 area.
Target profit = 1.4750 area
Position= Entry triggered and position open with +13 pips (Current Market Price = 1.4653).
Additional Strategy = hold position and wait for next update.
Latest GBP/USD Elliott Wave signal - Sell Stop at 2.0513 area.
Stop loss = 2.0565 area.
Target profit = 1st Target profit between 2.0435-2.0413.
Position= Sell stop triggered and target reached : Profit = 100 pips +
Additional Strategy = none.
Latest NZD/USD Elliott Wave signal - Buy Market Price at 0.7650.
Stop loss= 0.7590 area.
Target profit = 0.7850 area for 1st target and 0.7980 for second.
Position= Market Price = 0.7620, position floating with -30pips.
Additional Strategy = Wait for any update on next elliott wave signal.
Latest USD/CAD Elliott Wave signal - Buy at market Price at 0.9960 area.
Stop loss= above 0.9890 area.
Target profit = 1.0080 area for first target and 1.0200 area for second.
Position= Position stopped out at 0.9890 for 70 pips Loss.
Additional Strategy = Wait for next Signal.
Latest USD/CHF Elliott Wave signal - Sell market price = 1.1200 area
Stop loss= 1.1290 area.
Target profit = 1.1050 area
Position = Position stopped out with 90 pips loss .
Additional Strategy = will update on next signal.
Latest USD/JPY Elliott Wave signal - Pending Sell Stop at 110.40 area and Buy Stop at 111.30.
Stop loss= above 111.25 area for sell entry and 109.50 for long entry.
Target profit = at 109.50 area for short entry and 113.50 for buy entry.
Position= Sell stop and buy stop triggered. Sell position got stopped out with -85 pips and buy position float with + 50 pips )
Additional Strategy = You can close buy position and take the 50 points profit or if you want to take the risk then move stop to 111.35 .
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