Hi Traders,
Before getting into the analysis of GBPUSD, don't forget my Elliott wave Bootcamp in SYDNEY.
If you want to be part of the ELLIOTT WAVES BOOTCAMP in Sydney:
If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:
The Pound (now at 1.5923) did exactly as predicted. It has completed wave 3 upward (daily chart) with a double top and then reversed. It's now almost on the 1.5908-1.5881 support.
If the support holds it should bounce back to 1.6032 and 1.6075 and then down again.
TARGETS
First 1.5908-1.5881
then
likely: 1.6000
possibly: 1.6079
maybe: 1.6122
ELLIOTT WAVES
After the double top, the GBPUSD is supposed to perform a retracement to the area 1.5706-1.5692 in 3-5 waves downward. This retracement is wave 4 (daily chart) and should form an a-b-c or an a-b-c-d-e.
daily chart - click to enlarge
wave oscillator over the daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over the 4-hour chart - click to enlarge
1-hour chart - click to enlarge
Before getting into the analysis of GBPUSD, don't forget my Elliott wave Bootcamp in SYDNEY.
THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).
Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER". Hosted in City Index Sydney.
If you want to be part of the ELLIOTT WAVES BOOTCAMP in Sydney:
- click on "HERE" to be re-directed to a Payment Gateway.
- for further information call Richard Vatner at City Index Sydney: 02 9270 3618.
DESCRIPTION
- Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.
- Spot the major turning points.
- Identify profitable long running trades
- Identify and avoid bad losing trades
- Keep your trades running for as long as needed
- To successfully master the "Wave Oscillator" to identify safer entry/exit points.
- Spot the major turning points.
- Identify profitable long running trades
- Identify and avoid bad losing trades
If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:
- click on "HERE" to be re-directed to a Payment Gateway.
- for further information call Richard Vatner at City Index Sydney: 02 9270 3618.
...
THE ANALYSIS: GBPUSD
The Pound (now at 1.5923) did exactly as predicted. It has completed wave 3 upward (daily chart) with a double top and then reversed. It's now almost on the 1.5908-1.5881 support.
If the support holds it should bounce back to 1.6032 and 1.6075 and then down again.
TARGETS
First 1.5908-1.5881
then
likely: 1.6000
possibly: 1.6079
maybe: 1.6122
ELLIOTT WAVES
After the double top, the GBPUSD is supposed to perform a retracement to the area 1.5706-1.5692 in 3-5 waves downward. This retracement is wave 4 (daily chart) and should form an a-b-c or an a-b-c-d-e.
weekly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over the daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over the 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over the 1-hour chart - click to enlarge
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