01-11-2008, 06:28 AM
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Member
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Join Date: Nov 2007
Location: Moldova, Chisinau
Posts: 95
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Hello everybody!
The trade plan for today
Quote:
GBPUSD It is doing the 5th wave?
Hello everybody!
I think we having the 5th wave on GBPUSD pair, take a look at the picture
11012008tp.gif (image)
As you can see, I've marked the divergence, but this do not mean that the price finished his way down. For the end of this wave down we need breaking the level 1.9555 marked on the picture, but this will be only a rollback until it breaks 1.9613 level. Only at that moment we could speak about a reversal.
Remember that the divergence is not exactly the reversal.
The red scenario on the picture is the further going down.
Best Regards!
Tacomy!
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The trade plan is taken from The Uncommon Trading In My Life
Good Luck! |