GBPUSD - head and shoulders everywhere

2016年9月28日

The Pound bounced off its trendline support a few times in the last few days and may well be in the process of a 4th wave triangle correction. If that were the case then it is in a E wave rally at the moment and could expect to climb to the 1.33 area. However, those multiple head and shoulder formations look pretty ominous to me and with the recent weakness and negativity surrounding the pound we could see another impulse move anytime soon.

2016年9月30日

註釋

Pound still stubbornly holding above trendline support.

2016年10月3日

註釋

Not anymore.

2016年10月7日

註釋

Played out pretty well.