[[1,#OPINIONLEADER#,80004415]] [[1,#ElliottWaves#,60004726]] [[2,#GBP/USD#,GBP/USD]] [[1,#PriceAction#,10003818]] [[1,#forexmarket#,10004127]] [[1,#forextrading#,10003912]] [[1,#howtomasterforextrading#,10001270]] [[1,#ForexForecast#,10003839]] [[1,#ForexTradingStrategies#,10004298]]

MAARKETCOMMENTARY:

1.This is an alternate wave count for the previous trade plan shared here...

2. I thought wave v) got completed and i expected 1.4000 in a 3 wave structure

3. But now the price action show me may be wave iv) is in active and v) could reach to 1.3480 as i shown here and the bearish trend line will act as a resistance.

4. Invalidation for this pattern is 1.3910 close above the trend line in daily.

5. I had labelled in WXY also because what i labelled as "3" and "4" as a triangle is not satisfied so it could be WXY too...

DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS

GBPUSD-WXY or 12345 seems more bearish to me...