Monday, November 2, 2009

GbpUsd Update

My big friend Carlos ask me if I could do a Elliott count about GbpUsd and I try do it, im going to be honest I never traded this currency and so I don’t have the appropriate sensibility, but it think its not bad at all, the bottom of line we had 5 waves down since the highs, we had a wave 2 with almost 76.4% retrace of wave 1, so if my count is correct we going to have new lows in the next fews days.