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  • Elliott Wave Charting: Gbp/Usd Near-term Bullish  0 comments
    Mar 3, 2010 5:48 AM

    TheLFB Trader Advantage Detail

    Elliott Wave Charting:

    A strong impulsive decline from the 1.5456 top to recent lows around 1.4783 could be finished, as we can clearly count five black waves down, with an extended structure shown in our red wave 3. At least three waves of an upward corrective move should follow in the near-term, in our red wave 2), which could already be underway. Minimum retracement zone of wave 2) is between 1.5200 and 1.5340 zone.

    Traders however, must be very patient here with any long position, since the overall Usd picture still signals for dollar bullishness, so keep in mind that Gbp/Usd may fall much deeper.

    TheLFB GbpTheLFB Charting: Gbp/Usd 4h view


    If you would like to be a part of, to receive a full Elliott wave detail for Gbp/Usd (monthly, weekly, daily and 4h charts) and if you want to know what comes next and what to expect from the market, then join us now.

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    Disclosure: no pos.
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