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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
Where do you think EURGBP is heading?
Rgds
GC
I make a point of always identifying 3 alternate counts on my charts for all timeframes I monitor. I have my preferred count in play for trading and I trade that until such time as the count is proven wrong.
On present position of GU my work tells me that the 5296 low reversed at the 38.2% level. The pattern down to that level does not give me a clear corrective so until the 5997 high is taken out it could prove to be only the first leg down of a corrective with the wave B up in progress and wave C down to follow which would end slighly below the 5296 level. I prefer your bias with the 38.2% level being a bullish ending to the corrective and new highs immediately ahead.
Best to you and lets compare notes at key levels.
only few good traders i've seen in this forum so far... and you're one of them DaveO... gl and keep up the good work... :)
Ashraf