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GBPUSD: Is Cable`s Consolidation Mature Yet?!

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In our previous analysis GBPUSD: Getting Ready For Action! the alternate count expected Cable to unfold towards the upside to complete a second wave correction and Cable unfolded as expected and target was reached and exceeded. This week`s count expects Cable to resume its downtrend within a third wave impulse. As always we will wait for confirmation point to be reached to establish confidence in the main count`s view. Main Count - Invalidation Point: 1.5336 - Confirmation Point: 1.5027 -

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