This blog is dedicated to my analysis of the GBPUSD currency pair. My primary analysis tool is Elliott wave theory in combination with a proprietary moving average (Jurik JMA) and a custom MACD setting. I make updates as warranted. IMPORTANT NOTE: I use a dot in front of the number or letter to denote the character is in a circle, per correct wave notation.
Thursday, March 11, 2010
Quick Update
Contrary to my previous post, now that the movement has matured, I have a count that could have the short correction complete at 1.5086. This is a spot, that if correct, adhered very well to my post of 3/10 predicting a retrace to 1.5080. I can count 5 waves down on a 5 minute chart begining at 15:10. We will just have to wait and see. Im in heavy and riding to 1.4870. Yeehaa!
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