We might see one last high for red wave c towards 1.5899 as long as support at 1.5872 hasn't been broken, but once 1.5899 is reached or support at 1.5872 is broken downside pressure should build substantially as wave 3 down gathers momentum.
Monday, September 3, 2012
Low risk selling opportunity in GBP/USD
We might see one last high for red wave c towards 1.5899 as long as support at 1.5872 hasn't been broken, but once 1.5899 is reached or support at 1.5872 is broken downside pressure should build substantially as wave 3 down gathers momentum.
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