Month: December 2018

GBPUSD 27th December, 2018

No evidence yet to suggest that the countertrend bounce we have been tracking has run its course. We want to see prices below the main hourly count’s confirmation point to gain confidence in the bearish outlook.

GBPUSD 26th December, 2018

We continue to look for signs to suggest that the countertrend bounce we have been tracking has run its course. We want to see prices below the main hourly count’s confirmation point to gain confidence in the bearish outlook.

GBPUSD 25th December, 2018

Cable confirmed the alternate hourly count and then — almost — tagged the cited target by a fraction of a pip. We want to see prices below the main hourly count’s confirmation point to gain confidence in the bearish outlook.

GBPUSD 21st December, 2018

The sideways consolidation leaves little to add. We are updating both our counts according to the latest price action. I would like to take the chance to wish you a very merry Christmas. Enjoy your Christmas Eve.

GBPUSD 20th December, 2018

The market continued to drift higher, implying that wave (ii) green has yet to run its course. Allow for higher — in a corrective manner — as long as the main hourly count’s invalidation point remains intact.

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