$GBPUSD Elliott Wave Analysis 4.8.2014

In this video, we take a look at zig-zag structure and equal legs. GBPUSD move up from 1.6456 is in 3 waves, dip to 1.6550 was wave (( b )) and pair is now looking for equal legs (1.6779) – 1.236 ext (1.6833) area where we expect the current cycle to end and a 3 wave reaction lower should then be seen. We don’t recommend selling the pair

[jwplayer mediaid=”171522″]

Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *