Thursday, February 7, 2008

GBPUSD flat on M15

Hello everybody!
Right now we are in the flat M15(1.9653-1.9662) Take a look at the picture.

So as you can see there are market two variants of movements. You can see the first(a) wave down then it's correction b and the a(C) wave. This variants of movement are shown in both directions. The resistances for the blue variant are 1.9681; 1.9712; 1.9760. Breaking the 1.9553 will annul this scenario.
The supports for the red variant are 1.9514; 1.9486;1.9447. The annulling of this scenario will come with breaking the 1.9662

Be careful, because it can reverse at the borders of the flat.

Best Regards
Tacomy

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