New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 

Gbp/Usd: Recovery Udnerway


Our Services (Video Tour)          Twitter           Facebook          Subscribe to our newsletter

Oct 07 2011

Cable moved nicely lower yesterday, into a new low, below 1.5300 level. Well, market reversed sharply just few hours after a new low was established which could be an early signal that wave 5) is done. In fact, we have a very common bullish divergence on the RSI between wave 3) and wave 5) lows which is just another evidence for a bullish reversal. As such, larger A)-B)-C) pull-back will now be the minimum expectation in that recovery mode!

Newsletter archive