GBPUSD: Still Looking Higher...An Update.

FX:GBPUSD   British Pound / U.S. Dollar
578 0 16
Five days ago, I posted this chart and suggested to you all that GBPUSD             was moving higher:

You can see just how prices have done pretty much EXACTLY what I projected it would.

I called the setup to move higher a "A PRIME Opportunity Is Setting Up! Don’t Miss It!". So how many of you missed it? I see that many traders here were calling for LOWER prices because the "triangle" was completed. Well, anyway here's an update.

In this 4HR chart, you can see the GBPUSD             wave (C) breakdown here. This wave 4 is a ABC zigzag . So that means that we should be looking for a 5-wave             wave (C). From the low of the wave (B), there was a small 5-wave             move up in what should be the wave (1) of 4. Then a sharp wave (2) back down to challenge the lows of the wave (B). So currently, there is a impulsive move up in what is now the wave (3). And that wave (3) is not yet done.

A FULL analysis is available on my website as to what is happening. If you want to see it, go here to subscribe: http://goo.gl/qRNGsF

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