A possible wave count for the British Pound explained with an ABC corrective movement.
Trade taken as follows
Entry at 110.97 @ recent wedge consolidation resistance.
Stop above the origin of minor wave "a" of wedge consolidation @ 111.99
Target 1 - exit 1/2 trade @ A point extreme at 110.11
Target 2 - equal legs projection of A for completion of wave c @ 107.95
Risk reward is positive :)
Trade taken as follows
Entry at 110.97 @ recent wedge consolidation resistance.
Stop above the origin of minor wave "a" of wedge consolidation @ 111.99
Target 1 - exit 1/2 trade @ A point extreme at 110.11
Target 2 - equal legs projection of A for completion of wave c @ 107.95
Risk reward is positive :)