WAVE GBP/USD 23 OCT 2009 TF H4

In the TF H4, it seem strong that the trend is searching for the correction a. However, if we drag fibo from the point 100.0(1.5705) to 0.0 (1.6693), the price reached at the fibo 38.2(1.6317). Drag another fibo from wave 4, 100.0(1.6243) to the wave 5, 0.0(1.6693) again, we can see, short position entry at the double line or fibo resonance around 1.6468. It give great chances for swing trader and intraday trader to sell and buy. Anyway buy or sell limit position, we can decide at the best time of LONDON open. Be there!