Quote:
Originally Posted by JimboFX
Ray, the difference between our counts is wave i and ii on your chart compared to mine a-b-c in 4. From there my pattern is uncompleted suggesting one more leg is needed. The area I'm watching is the previous wave 4 of smaller degree around 0.7750. If we get a bounce there then there is a good probability the pair would make a new high above 0.8000 which was something I was expecting in the first place.
But all depends how the euro will perform for the time being.
Maybe someone else will have a count we can take a look at ?
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Hi Jimbo
i agree alot will depend on how the EUR goes! i am working on a short term hourly count on EURGBP and I think we are about start v of 3. i'll watch that area around the .7750.
yes would be good to see if anyone else has a different count.
Ray
