In the aftermath of the U-turn regarding the tax cut in UK at the start of the week, GBP/USD had recovered strongly from 1.0359 to 1.1495 in just 36 hours. Since then, the strong upward momentum appears to be weaning. If so, this presents a selling opportunity, assuming this pullback results in a 3-wave decline from 1.1495 towards 1.1030 level.
#1 Sold on Market Order @ 1.13215 on Thu, Oct 6, 14:20pm Target Hit Sat, Oct 8, 04:18am
#2 Limit Sell @ 1.1360. Order Filled Thu, Oct 6, 15:38pm. Target Hit Sat, Oct 8, 04:18am
#3 Limit Sell @ 1.1392. Orders Unfilled.
All Stops @ 1.1570
All Targets @ 1.1030