{lang: 'en-US'} GBP/USD Elliott Wave H1 & H4 Update ~ ElliottFxTrader Blog

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Saturday, 30 June 2012

GBP/USD Elliott Wave H1 & H4 Update

Chart with two possible outcomes:
1. This impulsive wave up looke exhausted and we might expect no more high as the structure for WXY pattern looks completed. That means price will go down - black dashed line.
3. In case the hight of wave 2 would be taken out or if price would retrace only 38-50% of wave A then we might expect more upside to come as double Zig-Zag pattern will emerge to complete wave Y- red alt. count and lines.

Take care,
Seb


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