MoneyTec.com Traders Community Forum - View Single Post - Short-Term.....Swing Trade (Set-Ups)

G550 · 19-06-2007, 13:39

Ronnimar-

I like your GBPJPY chart. I'm expecting to see 250. I'd like to see a retrace so I can take a buy for the ride up to 250 level. I'm basing this expectation off a weekly chart where wave 5 will equal wave 1. That should come around the 250 mark.

Looks like GBPUSD is in a 3rd wave approaching 1.618 at around the 9910'ish (going from memory off this, could be a bit off). Nice chart on the pound Maxo!

19-06-2007, 13:39	#900 (permalink)
G550 level 2 Join Date: Nov 2006 Posts: 273 Rep Power: 3	Re: Short-Term.....Swing Trade (Set-Ups) Ronnimar- I like your GBPJPY chart. I'm expecting to see 250. I'd like to see a retrace so I can take a buy for the ride up to 250 level. I'm basing this expectation off a weekly chart where wave 5 will equal wave 1. That should come around the 250 mark. Looks like GBPUSD is in a 3rd wave approaching 1.618 at around the 9910'ish (going from memory off this, could be a bit off). Nice chart on the pound Maxo!