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Thursday, December 16, 2010

GBP/USD (Cable) - Trend is collapsing

I have no EW-count on this chart, but wanted to alert you on the collasing of the minor rising trend back from May 2010. Expect the 156.40-156.74 area to protect the upside for a break below 155.29 and to accelerate the decline lower.

2 comments:

  1. hello i would like to know which are the best trending pairs to use elliot wave so far i use eur usd... what are the best pairs

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  2. hello i would like to know which are the best trending pairs to use elliot wave so far i use eur usd... what are the best pairs? i am interested in CABLE .. THANKS

    ReplyDelete