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GBPUSD

GBPUSD – Downwards Drift Continuation vs, Uptrend Reversal

This week the pound unfolded towards the downside reaching and exceeding both specified targets. However that downwards movement did last longer than expected.

We are modifying the main count according to the latest price action and as well presenting an alternate count which expects the pound to unfold towards the upside in a three wave structure.

Focusing on the short term picture can be valuable at this stage. As always we will be using each count`s invalidation point to determine the highly probable count.

GBPUSD

GBPUSD 21st February, 2014

On ًFriday`s session the pound unfolded in a corrective manner, reaching the first specified target and ending its upwards movement in the middle of the specified target zone. However, the pound unfolded towards the downside first proving that the corrective wave we have been tracking unfolded as an expanded flat correction. We are updating the …

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EURUSD – Times of Indecision

As the euro moved higher past the 1.3738 level, it has invalidated our previous main count and led us to entertain a much more bullish possibility, in addition to our previous bearish one which is still valid.

It’s probably wise in times like this to wait on the sidelines until the market sentiment is resolved and better indications are available.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we’ll use each count’s invalidation point as confirmation of the other count.

EURUSD 21st February, 2014

Another day where the euro did pretty much nothing. It drifted aimlessly a bit higher, but its movement remained in a tight range and price still hasn’t reached any confirmation, invalidation or target point.

In times like this, it’s wise to just “stand on the sidelines” until the market action picks up and makes up its mind — and we hope to see clearer indications by the end of the day.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we’ll use each count’s invalidation point as confirmation of the other count.

GBPUSD

GBPUSD 20th February, 2014

On ًThursday`s session the pound continued drifting towards the downside as the alternate count expected and the specified targets are yet to be reached. We are updating the main count according to the latest price action adding tight invalidation point and targets. Main Hourly Count – Invalidation Point: 1.6625 — 1.6823 – Confirmation Point: 1.6665 …

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EURUSD 20th February, 2014

As expected the euro moved towards the downside, but it still hasn’t reached our target yet. Whether this downwards movement is complete or not is what we’re considering in our analysis today.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we’ll use each count’s invalidation point as confirmation of the other count.

GBPUSD

GBPUSD 19th February, 2014

On ًWednesday`s session the pound unfolded towards the downside as the alternate count expected, however the pound failed to reach the specified target by 12 pips before reversing directions and moving towards the upside. We are updating the main count according to the latest price action adding tight invalidation point and targets and as well …

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EURUSD 19th February, 2014

Today the euro fell in a picture-perfect 3-wave fashion. And despite the short span of this movement (less than 50 pips), it’s finally given us enough data to produce two very usable counts with good short-term targets.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we’ll use each count’s invalidation point as confirmation of the other count.

GBPUSD

GBPUSD 18th February, 2014

On ًTuesday`s session the pound unfolded towards the downside as expected under the alternate count and the specified target was reached and exceeded by 17 pips. We are updating the main count according to the latest price action and as well adding an alternate count which expects further downwards movement. Main Hourly Count – Invalidation …

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EURUSD 18th February, 2014

The euro pushed even higher today, invalidating the main daily count. Our alternate count still holds, but given the nature and the “look” of the euro’s movement, we’re introducing another daily count that has a better overall look.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we’ll use each count’s invalidation point as confirmation of the other count.

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