My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

readbud - get paid to read and rate articles
Your Ad Here

Thursday, March 25, 2010

GBPUSD : AB=CD



The AB=CD pattern appears after GU breaks the last stop at 1.4934. C is 0.382 of AB. The projection of D is at 2.24 of BC which is at 1.4724 but before that I must first consider the projection at 161.8 at 1.4829. Harmonically, I believe when the price reaches 161.8 projection, it will retrace a little bit to gain more bearish momentum to break the level and then straight to 224 projection.

No comments:

Post a Comment