GBP/USD H1

General Overview for 25/01/2014:

On Weekly chart the
possible triangle formation might be done and short orders should be
opened now BUT tho confirm this point of view the breakout below green
trendline must happen on at least daily time frame.
On lower time
frames one can see that the impulsive wave progression needs one more
wave to the downside before the corrective wave 2 will start. The Key
Level is 1.6556 – 1.6582 area: to continue with the strong bearish
momentum it cannot be broken.
New high invalidates the count.

Trading Recommendations:
Add to the shorts on retracement to the level of 1.6582 area.

★★★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
Details here:

★★★★★★★★★★★★★★★★★★★★

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

View all posts

Dodaj komentarz

Twój adres email nie zostanie opublikowany. Pola, których wypełnienie jest wymagane, są oznaczone symbolem *

This site uses Akismet to reduce spam. Learn how your comment data is processed.