Wednesday 24 March 2010

GBPEUR

Looking at this pair the other way up tonight just because we can (and therefore probably should for the sake of balance/overcoming any bias)

Longer-term view on the daily - pretty clear we are in a fourth wave. Last time I looked at the full chart, I think it shaped up like a massive ABC - we are currently then in 4 of C in my preferred count:


And a bit of a zoomed-in view. Basically we may hit the top of the triangle, or over- or under-shoot it - at any rate, a break of the current trend line would seem to be worth a flutter...

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