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Tuesday, April 24, 2007



GBP/USD is creating a wave 5 in elliot analysis,so i enter short at the end of wave 4.

my take profit is at 1.9955 that is 10 pips above 1.9945 ( my target for wave 5 to end base on Fibonaci retracement.

Another support analysis is this week many predict that USD will recover and the uptrend should be downtrend.

Good Luck and happy trading

1 comment:

Anonymous said...

Good job bro! Would be better if you can analyze the trade from start to trade until the end. Discuss further technically. - fuadws -