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Monday, April 7, 2014

Elliott wave count for GBP/USD - Long and short term count


GBP/USD

My preferred count still point for a powerful rally higher soon in wave 3.  However, it seems as we are buliding a series of waves one's and two's, but once the series of wave three's takes over the rally should be very powerful.
For this very bullish count to remain the preferred count important support at 1.6456 needs to protect the downside. Any break below 1.6456 will delay the expected upside pressure for a deeper correction towards 1.6370 before renewed upside pressure should be expected.

2 comments:

  1. EurGbp looks like a great oppertunity great charts EWS
    Best Regards jt

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    Replies
    1. Hi JT,

      Yes I do think EUR/GBP represents a great opportunity.

      Kind regards
      EWS

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