Wednesday, July 29, 2009

Gbp/Usd H4 & Weekly Charts

Hi all,

In the weekly chart below, I waiting for the confirmation for wave 4 end. Once end of wave 4 is there, my SELL trades are ready to jump.

The date in the chart is wrong, please ignore it. I have forgotten to edit it.

In the below chart, I draw the dotted trend line from wave 4 to wave a. If the market breaks this dotted trend lines, i will take short trade for wave c target.

I had difficulties in counting EW for below chart.. But managed to come up with this count. its the only count that match with this complex movement..