Hello everybody!
There was an update on the blog
Quote:
GBPUSD at the American session
Hello everybody!
Take a look at the picture.
09012008tp.gif (image)
We have a divergence, so I think we have the end of the 5th in 3rd wave. Now I'm waiting for confirmation(breaking the 1.9634 level up)
Best Regards!
Tacomy
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The trade plan is taken from
The Uncommon Trading In My Life
So, as I've understood now if the price will break 1.9634 level I can buy, as we will have the 4rd wave, then after the end of it I can sell for the 5th wave down. But if the price will break the base of the wave up we will have a flat or continuation of the down movement.
Please correct me if I'm not right
Good Luck!