TradingView
dojitrader
Dec 11, 2013 1:50 PM

Potential Profit From Your A B C's ? Short

British Pound/Australian DollarFXCM

Description

I can think of at least a couple other ways to count this zig/zag/combo, but,
I think I'll take a shot at this one. It has small risk to know it's wrong and yet,
a pretty good profit if it's right.
I can see stronger resistance at 1.8050 so, much beyond a = c and this
is probably the beginning of another up leg - correction over !
Comments
dojitrader
I'm not very knowledgeable with the cross pairs, however, with BOTH cable and aussie turned very weak, you have to wonder
why this is moving at all. Let alone, a powerfully impulsive look to the upside.
I guess I'll just have to mark this one down towards cheap education !
More