Monday, December 3, 2012

GBP/USD H4 Update + TPI

Rationale:
GBP/USD latest break-out from range puts more upside into view.
THe idea is to buy into trend line test having Elliott Wave count that supports this bullish bias.

Entry:
Buy the dips into trend line test - orange restangle area.
SL:1.6050
TP: Sell area (orange rectangle)

Take care,
Seb



Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h4-update-tpi.html

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