miércoles, 28 de mayo de 2008

GBPCHF bullish retracement


Things changed a bit, but still looking for bearish movements in the very short term.

The bigger picture tells about the pair making a retrecement and the going down again in a new impulsive wave.
Actual price action is unfolding the wave "b" of the wave "B" of the mentioned retracement.
This is the new "animal" setup. Still a butterfly but "D" point a bit higher.
Signal for short when the butterfly pattern end the unfolding of the wave CD.


Original Post

I think that finally the pair will go down.
BTW, look at my brand new software for annotating charts...

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