Monday, March 8, 2010

Push Short and then bigger correction sideways to long

Looks like the call from my last post hit perfectly. Now I expect the GBP to at least make a new low. From there it could go into a sideways to long movement that could last two weeks. During that period I would be looking to sell tops and ride them down until they look exhausted and then do it all over again. I will try and identify when the current short is done and the structure of the bigger fourth wave correctioni as it unfolds. Here is a day chart for now.


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