GBPUSD downtrend continuation Idea: adding GU shorts

ที่อัปเดต:
This is a follow up to my main short entries which started with this Idea:
GBPUSD short Idea: GU topping? zones to watch


Once the down move started, I was taking profits and adding shorts per this plan:
GBPUSD looking for a bounce to Short more: GU move not done yet?


I am now looking for entries to add more shorts.
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GU hit first target, and possible end of wave 5.
I dont think this is the ''bottom'', but lets see สแนปชอต
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Second target hit with ease. will it bounce? สแนปชอต
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GU bulls look to be holding mid-support for now, in UK session. I suspend US will buy GBP, EUR, and AUD soon. So am expecting a bounce here, which will give me more data to analyze. สแนปชอต
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GU hit the second possible wave (5) and bounced as expected.
Am starting to add shorts again สแนปชอต
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a close up of price action around my zones, good to see it recognizing them สแนปชอต
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Shots added here. สแนปชอต
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GU: Getting back to the main chart, we nearly hit the third target สแนปชอต

I DO think the last target is still possible. This new fib shows a -0.236 extension (a very common overshoot of any wave) สแนปชอต so that extension may well be hit.

However, the risk of a bounce is increasing, while the odds of collecting those last few pips are decreasing. So I closed 80% of my shorts during Asia session, and will re-evaluate once London starts.
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GU: this EW count and the two fibs say the next target is still quite possible. Lets see what London thinks in a couple of hours. สแนปชอต
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I have posted a New plan for possible short re-entry zones, here:
GBPUSD shorts re-entry Idea: GU 15min chart bounces to short
Elliott WaveFibonacciSupport and Resistance

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