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Thursday, July 12, 2007

GBPUSD :: Approaching a top, lower


Last Price: 2.0314
Time Frame : H1
Time: Wednesday, July , 12, 2007, 6.30am

We can count 5 wave structure and looking for a decline to confirm that top is in place.

Alternate comment:
This alternate count will allow another push to the upside before start to decline to the 2.0250 level or worst.

Either way, both count will heading to the same direction. Upside potential now is limited , and risk now are shifting to the downside.

Still wait for more clear view before enter the trade. apengfx-
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