RESULT OF SIGNAL - 27 OCT 2009

Welcome! I am sorry after hang out for two days. Luckily after hang out, I got happy result on my GBP/USD 120 pips!!! But the target area b I predicted before, lower then the actual result on 29oct2009 and achived at 1.606! Different about 100pips!

Look at the TFH1, we can make first assumption of the complete wave b, the highest price 1.606 as follow the fibo 70.7 from the point a 100.0 (1.6253) to point wave 5 0.0 (1.6692). Second assumption, look at candlesticks, there is a lot of formation of corrective wave after impulsive wave formation. It signs the progression of wave C is begin and the trend will BEARISH.

Break the 1.trendline (yellow colour) 2. horizontal line (red line)will deny this wave b correction assumption. If the price go higher after the break of trendline and the horizontal line above the 1.606, we can conclude there is new trend of BULLISH are form.

Any comments from you guy are welcome to improve our skill trading and give mutual benefits!

Good luck and happy trading!