LATEST SIGNAL GBP/USD
UPDATED 18 MAY 2010 0145pm GMT +8
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For a while I can't state any wave neither A or (1)in correction for A. But what I saw a potential position for buy. The trend will bullish until the small red rectangle I guess. Good luck!
Welcome back. As I look the trend today, breaking the trendline downward, indicate the trend will be bearish. Anyhow, the candlesticks after the break trendline, shown ranging market at US session. Most probably, there are small correction in the ASIA session. The price will go up until the red line as completing the correction in small range of price (40 - 60 pips). When it touch the red.....the bearish will start again to complete 3rd wave in intermediate. The green colour will be sweet area to buy back or in other words as PULL BACK price! Good luck!
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