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Old 10-03-2008, 09:22   #13 (permalink)
sc.david
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Re: Forecast On The Majors:

Gbpusd, H4 Chart:

Trending Upwards, But There Are Signs Of Retracements:

- Price Will Tend To Fall To S+
- After Which Two Things Are Expected:
- A Break-out
- A Rebounce To R+

> Rebounce:
- Price Retracement First Target Is "t2 ( 2.0095)"
- Retracement To "t3 (2.0021)";b/w '2.0021' And '1.9985',
Will Give A Good Long Position.
- Long Target Will Then Be "t1 (2.0394)"

> Break-out
- This Will Give Us A Good Short Position At "1.9843",
With A Target At "1.9420"

There Are Higher Possibilities For A Rebounce Off S+.
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