Timing is key
Short

Pound Dollar forecast based on Andrews Principals

FX:GBPUSD   British Pound/U.S. Dollar
96 2 1
Part 1

Longer Term view of the Pound Dollar points to a trend reversal around a possible P5 area. Once Upper MLH touched good chance of it reaching the ML again. Let's see.

In part 2, I will zoom into the P5 area and point out additional supporting ideas.

Thanks
Damn !!!! I wish you'd have posted this 14 days ago. . . .
How do i trade it now ?
Thanks for your thoughts and
wishing you lots of pips in 2014 ~~~~~~
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Timing is key dojitrader
I wish I did too! Only just started looking at this pair but as soon as I looked at the daily I saw some interesting line ups so I quickly drew the forks and the close-up with some targets.
I can't give you trading advise but, what I do, is move to a smaller time frame once I establish directional bias and look for the same setups ( in this case short ) on say the hourly or 15 minute chart. Thanks for your comments and I do like your charts and write-ups.....great way to share ideas and different trading styles.
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