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Saturday, July 7, 2007

GBPUSD :: Wave 5 Scenario



Last Price: 2.0126
Time Frame : H1
Time: Saturday, July , 07, 2007

The rise from 2.0057 sure look impulsive.
Favor to the upside, price will likely move towards the 2.0224 - 2.0271 area from 2.0057 and the support at 2.0057 remain intact. All this should unfold in 5 wave structure.

Trading Idea:
Buy Dip @ 2.0089 - 57 area
SL 2.0056
TP 2.0206

apengfx-
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