TradingView
traderWgun
Apr 4, 2014 7:37 PM

UPDATE: buying dips Long

British Pound/Swiss FrancFXCM

Description

This is an update for my previous idea. tradingview.com/v/NYP6covO/

Today, on the daily chart, we have put in a shooting star; hinting at a move lower ahead.
It looks like we have completed a 5waves sequence to the upside.

A 5 waves advance is always bullish, unless it's a wave C in a flat
or a wave X in a complex correction.
We can rule out the flat correction, but it could still be a wave X.

Look below for alt view.

Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
Good luck.
Comments
traderWgun
ok guys, this looks like a wave xx now, which means that we should look to sell rallies
traderWgun
ALT view
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