Wednesday, December 28, 2011

GBPUSD


Looks like Ramki was right-- after A/B look for a Bigger C... Since my 1/2 isn't violated I'm stickin with the Bull count.

Dropping through S/R like that pretty bearish... 1.5464 look for either s/r and trade off that line. Also watch NZ/AU/AJ for direction as they tend to lead.
Just keep in mind the Daily Volume was one of the lowest today for trading- so the MM can manipulate more easily then when V is large and there are large orders to fill...

Update: Easy count invalidated