Online Forex Trading - Cable dip down big time
Cable has gone bearish,I means big time bearish at yesterday BOE interest rate statement released.Rates remain unchange at 5.50 % as market exptected thus driven GBP/USD to gone dip into the lowest support at yesterday New York session.
This morning at Asian session cable has stop and bounced upon strongger support at 1.9750 area.
Online Bisnes Elliott wave strategy :
This fast pacing market movement had stops all my position.
And now I’m begin re-calculate a new form of Elliott wave pattern.
Within this two weeks of time,if Cable cant manage to trade higher than 1.9890 than recent high at 1.9960 area will be the end of elliott wave v.
Start from that I will refer current bearish as 3 major elliott wave cycle.
But if cable manage to trade higher than 1.9900 -1.9920 then I may use current Elliott wave perspective on Cable.
Regards.
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