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.
Monday, April 19, 2010
Great Short Oppotunity
The short trend is in place from the April 15th high. We are currently in wave 2 of the larger five. I believe the short will resume shortly after the rise breaks 1.5373 . That is a great spot to go short and ride it to below 1.4780. These are the high probablility wave forms I love.
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