ew-forecast

Elliott Wave Analysis: Bears Can Take Over On GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             is trading sideways on hourly chart ahead of NFP, so we see a new correction unfolding. It can be a flat in wave 2) that can spike up to 1.4572 area from where bears are expected to step-in for a sharp push down into a third leg of decline. Invalidation level is at 1.4768 as long it holds, trend is down!

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Hoag PRO
7 months ago
Agree on point, in case it's not red impulse count then also as correction and part of wave (c), both scenario point to downtrend for near future. Same is align with DXY count.
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TomPower
7 months ago
Greg despite some of my criticism of you your work is impeccable
+1 Reply
ew-forecast PRO TomPower
7 months ago
Thanks Tom! No problem, i really appreciate the comments you give.. I can that way get a feedback, on how my work helps. You good people are always welcome to comment. Hopefully 2016 is gonna be good for trading (y)
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