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max_andronichuk
May 10, 2012 2:00 PM

GBP/USD Elliott Wave 

British Pound/U.S. DollarFXCM

Description

My Elliott Wave analysis suggests this pair is on the bring of a major move downwards.

Expecting a false breakout above the upper end of the triangle, but it is important that it does not pass the top marked "c"

Following a false breakout, the pair should reverse sharply to take out the bottom of the triangle and continue substantially lower over the next year or two
Comments
karoles
Followed.
karoles
Agreed.
naskoralenkov
Followed.
ichimokusama
Agreed.
caspertrac
Followed.
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