DislikedHere's the latest Elliott Wave forecast on GBP. It's looking very good for a short on the Zig Zag wave C. the most profitable wave of all the waveforms. It has 160 rating and is very likely to occur.
I strongly recommend a short on the break of the Camarilla L3 line which is roughly 9654.
http://img72.imageshack.us/img72/274...1308cb2.th.jpg
Take profit would be a minimum of todays Camarilla H4/(H5 most likely) but on a daily we could see 1.9 to 1.87. This move will be fast so it's going to be very profitable.
I'll post another shot after a bit of time goes by today.
JohanIgnored
Looks like we're heading toward 1.9 roughly here real soon. It's a Zig Zag wave C, the most prevalent and profitable wave of all Elliott Waves, so look for another break of the H3 Camarilla line overnight to sell into. To clarify from the last post when I said "fast", it means it will be a very quick move down in general.
Here's the chart....
http://img90.imageshack.us/img90/995...1508hy7.th.jpg
Johan