We are in C wave now of correction (of course it can be wave 3 of 5wave down move) and there are 3 most important fibo levels there.
First 61,8 of last ride up.
Second 127,2 of wave A
And 161,8 of reverse projection of wave B
5/30/2012
Hello I'm on holiday thats why I'm not writting. Anyway still watching markets and skalping. This is really mess what is going on now. Down trends are very strong but is see really good possible bottom o GBP/JPY.
We are in C wave now of correction (of course it can be wave 3 of 5wave down move) and there are 3 most important fibo levels there.
First 61,8 of last ride up.
Second 127,2 of wave A
And 161,8 of reverse projection of wave B
After next buy signal on H1 I will put buy stop over top of it and SL just below last low. Giving buy signal should make a nice price action signal also.
We are in C wave now of correction (of course it can be wave 3 of 5wave down move) and there are 3 most important fibo levels there.
First 61,8 of last ride up.
Second 127,2 of wave A
And 161,8 of reverse projection of wave B
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