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Elliott Wave Patterns Predicted Recent Drop in GBP/USD
(VIDEO) GBP/USD: How Elliott Wave Patterns Predicted Recent Drop Under 1.60
A great 6-minute video lesson in Elliott wave analysis of forex markets
By Elliott Wave International
Every Friday, the editor of EWI's forex-focused Currency Specialty Service, Jim Martens, records a video update for his subscribers. Each video delivers a real-life lesson on Elliott wave application to forex markets.
Watch this 6-minute video Jim recorded on October 12. Jim called for cable (GBP/USD) to drop below 1.60 in wave 5 of the developing Elliott wave sequence.
Ten days later, on October 23, GBP/USD fell as low as 1.5925.
Download Your Free 14-page eBook: "Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success"
Here's some of what you'll learn:
- Which Elliott waves to trade
- Which Elliott waves set up your forex trade
- When your analysis is wrong
- Guidelines for projecting price targets
- How to evaluate an Elliott wave structure
- How to use the bigger picture to give you perspective on the market's next major move
Jim also takes you through two real-world trading examples to reinforce what you've learned and apply it to your own trading.
All you need is a free Club EWI profile to download this FREE 14-page eBook now >>
2012-11-08 22:21:08
Source: http://www.philstockworld.com/2012/11/08/elliott-wave-patterns-predicted-recent-drop-in-gbpusd/
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