Hello everybody.
Today is a really difficult situation, there is a flat, and I can’t understand what’s going on. I hope at the American session the situation will be clearer.
Here is the trade plan for today
Quote:
GBPUSD Is the 3rd wave finished?
Hello everybody!
Yesterday at European session we had a nice downtrend. And it seems we have finished the 3rd wave. Look at the picture that posted Anthony
20071115+-+gbp02.gif (image)
Today the price was in a flat; actually it is in a flat. Take a look at the picture
http://bp3.blogger.com/_GUSsEGXP2XY/...16112007tp.gif
I have marked two variants of movement
The 1st one is a correction; we can see also that if the price will manage to move based on the first variant we will have the head and shoulders reversal pattern, can you see it?
For the 2nd variant we have to break the 2.0403 point after the correction of the wave 2.0479- 2.0403
It is safer to sell at the end of the correction wave, 2.0403-? because if the price will not manage to brake the 2.0403 minim you could close the order with a little profit.
Best Regards!
Tacomy.
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Good Luck!!!