Rationale:
Bought 38% Ret in anticipation of wave c to the upside.
Then selling 132.60 - 132.70 area for wave (c) pullback is expected.
Entry:
(1)Buy Limit @ 131.90
SL: 20pips
TP: 132.60
(2) Sell Limit @ 132.60 and 132.70
SL: 132.80
TP:131.50
Take care,
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h1-update-tpi.html
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