Elliott Wave Trading GBPUSD 14 Feb 2012
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Elliott Wave Trading GBPUSD 14 Feb
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Given the Ichimoku indicator at the time - frame, H4, we can conclude that at this point, the price is in a corrective phase. Dead formed a cross, the price of trying to break down under a cloud, the cloud changed from bullish, bearish on, a signal line, Cinque, is under the price, the MACD indicator went into negative territory, after the divergence formed. All of these statements signal the continuation and possible correction of its recess. Only the yield and price fixing above the Kijun, which is located at 1.5828, will enable it to continue to grow. On this, the purchase should be considered after the formation of waves up and start connection after fixing the price above the clouds and the level of 1.5828.