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Thread: Discuss the GBP/USD with a DailyFX Analyst

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#55 (permalink)

04-27-2007, 02:47 AM

jackdaw

Member

Join Date: Feb 2006

Posts: 34

Same way, similar level, same sort of reasoning.
I like the 1:1 ratio on my chart yesterday, it is a v good harmonic. There is a nice 5 count for the "C" down, so again, the correction could be now complete. The 50% fib gives extra support to the case....
1.9835 is the 1.272 extension, and is my next level on the down, then it wud be yur 0.618...
Haven't decided if I'm going to run the numbers......

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